Issue - decisions
Barton - Acquisition of Affordable Property
03/12/2021 - Agreement to acquire affordable homes from Redrow Housing at Phase 3 Barton Park and to subsequently sell on those units to Oxford City Housing Investment Ltd.
1. To authorise the acquisition of the affordable (social rented) housing (c. 84 units) at Phase 3 Barton Park from the developer Redrow Housing for a consideration of £17,892,550.
2. To authorise by way of back to back transfer the sale of the completed affordable homes at Phase 3 Barton Park (c. 84 units) to Oxford City Housing Investment Ltd for a consideration of £17,892,550. These sales to take place in tranches of 4 or more units as each tranche is complete, over the programme of delivery until 2024/2025.