Issue details - Use of s106 and Retained Right to Buy Receipts to increase the provision of more affordable housing

Use of s106 and Retained Right to Buy Receipts to increase the provision of more affordable housing

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

4. Delegate authority to the Director of Housing, in consultation with the Cabinet Member for Affordable Housing, the Head of Financial Services / S151 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;

5. Delegate authority to the Head of Planning Services, in consultation with the Cabinet Member for Affordable Housing; the Head of Financial Services/S151 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 s.106 funds; and

6. Delegate authority to the Chief Executive, in consultation with the Cabinet Members for Finance and Asset Management, and Affordable Housing, to approve any property or development purchases over £500,000 for affordable housing, within the project approval granted at that meeting.

Decision type: Key

Reason Key: Expenditure, income or savings of £500,000 or greater;

Decision status: For Determination

Wards affected: (All Wards);

Notice of proposed decision first published: 30/10/2019

Decision due: 22 Jan 2020 by Cabinet

Decision due: 29 Nov 2022 by Head of Planning and Regulatory Services

Decision due: Before 31 Dec 2030 by Chief Executive

Considered on: 27 Jan 2020 by Council

Lead member: Cabinet Member for Housing and Communities

Lead director:

Department: Housing Services

Contact: Dave Scholes, Affordable Housing Supply Corporate Lead Email: dscholes@oxford.gov.uk Tel: 01865 252636.

Reason date could change: Provisional: Decision reliant on another action or process

Is the date subject to change: No

Decisions

Agenda items

22/01/2020 - Cabinet Use of s106 and Retained Right to Buy Receipts to increase the provision of more affordable housing 22/01/2020
27/01/2020 - Council Use of s106 and Retained Right to Buy Receipts to increase the provision of more affordable housing 27/01/2020