The Head of Housing Services has submitted a report to the City Executive Board on 19 September recommending that Council be asked to make suitable budgetary provision for the Housing Revenue Account to acquire 10 flats due to be purchased by the General Fund at Great Western Park, Didcot in September 2017 for use as social housing.

The City Executive Board agreed the recommendations as set out in the report and in the minutes of the meeting attached later in this agenda.

Councillor Rowley, Board Member for Housing, will move the recommendations.

Recommendation: The City Executive Board recommends Council to

approve the introduction of an additional 2017/18 HRA capital budget, namely £2.362m, funded by HRA borrowing for “Property Acquisitions”, in order to transfer 10 units from the General Fund into the HRA.

Council considered a report from theHead of Housing Services asking for suitable budgetary provision for the Housing Revenue Account to acquire 10 flats due to be purchased by the General Fund at Great Western Park, Didcot in September 2017 for use as social housing (previously submitted to the City Executive Board meeting on 19 September 2017).

Councillor Rowley, Board Member for Housing, presented the report and moved the recommendations.

Council resolved to approve the introduction of an additional 2017/18 HRA capital budget, namely £2.362m, funded by HRA borrowing for “Property Acquisitions”, in order to transfer 10 units from the General Fund into the HRA.

The Head of Housing Services has submitted a report to recommend to Council to make suitable budgetary provision for the Housing Revenue Account to acquire 10 flats due to be purchased by the General Fund at Great Western Park, Didcot in September 2017 for use as social housing/

Recommendation: That the City Executive Board resolves to

1.    Request Council approve the introduction of an additional 2017/18 HRA capital budget, namely £2.362m, funded by HRA borrowing for “Property Acquisitions”, in order to transfer 10 units from the General Fund into the HRA.

2.    Note that all 10 flats to be transferred (8 two-bedroom and 2 one-bedroom flats) are  to be used as social rented housing and let to housing applicants in housing need on the Housing Register in Oxford.

The Head of Housing Services submitted a report to recommend to Council to make suitable budgetary provision for the Housing Revenue Account to acquire 10 flats due to be purchased by the General Fund at Great Western Park, Didcot in September 2017 for use as social housing.

Cllr Rowley, Board Member for Housing, spoke to the report.  

The City Executive Board resolved to:

1.    Request Council approve the introduction of an additional 2017/18 HRA capital budget, namely £2.362m, funded by HRA borrowing for “Property Acquisitions”, in order to transfer 10 units from the General Fund into the HRA.

2.    Note that all 10 flats to be transferred (8 two-bedroom and 2 one-bedroom flats) are  to be used as social rented housing and let to housing applicants in housing need on the Housing Register in Oxford.