Purchase of the land for the purpose of providing more affordable housing, through new build or acquisition activity. The JCT Design & Build contract to be tendered with the officer decision on award of contract to be brought forward at a later date.

To authorise the purchase, by way of transfer, of the extended and refurbished home at 26 Valentia Road, Oxford, resulting from the Oxford City Housing Development Ltd Extensions Programme for a total of £525,000.

Cabinet, on 13 April 2022, approved the OCC buyback of the remaining 5 properties in the OCHL Extensions Programme at market value - even where this falls outside of the usual HRA financial parameters - as it relates to a very small number of homes and the OCHL buy-backs over the whole affordable homes programme, continue to fall inside the HRA financial parameters overall.

Not to transfer the property would represent a missed opportunity to deliver affordable housing and support the delivery of the OCHL business plan.

Decision taken by Peter Matthew, Executive Director (Communities and People) in consultation with Councillor Linda Smith, Cabinet Member for Housing; Nigel Kennedy, Head of Financial Services; and Emma-Louise Jackman, Head of Law and Governance.