Decision details

Decision details

Purchase of Flat 7, Temple Court, 103 Oxford Road, Cowley

Decision Maker: Executive Director (Communities and People)

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: No

Purpose:

Cabinet, at its meeting on 22 January 2020, resolved to:

Delegate authority to the Director of Housing, in consultation with the Cabinet Member for Affordable Housing; the Head of Financial Services/Section 151 Officer; and the Council’s Monitoring Officer, to enter into agreement for the award of grant, contractual arrangement and/or spend, for the provision of additional affordable housing in perpetuity, using Retained Right to Buy Receipts or Recycled Capital Grant funding.

This delegation is now within the remit of the Executive Director (Communities and People).

Decision:

Purchase of a 1-bedroomed flat at Flat 7, Temple Court, 103 Oxford Road, Cowley for the sum of £210,000 from the open market for the purpose of adding to the Council’s HRA stock in order to let as an affordable housing property.

Reasons for the decision:

The purchase enables the use of Retained Right To Buy Receipts to provide additional affordable housing.

Alternative options considered:

To not complete the purchase.  This option was rejected as it would not allow the affordable housing to be delivered.

Signed off by senior officers:

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

Publication date: 02/04/2024

Date of decision: 28/03/2024

Accompanying Documents: