The authority to acquire residential properties to accelerate the delivery of genuinely affordable housing in the borough, to meet the urgent need for affordable housing.
Decision type: Key
Reason Key: Expenditure/Income over £5m & policies or new income, reserves use, overspend over £300K;
Decision status: For Determination
Wards affected: (All Wards);
Notice of proposed decision first published: 08/05/2022
Reason for urgency:
To allow the council to consider and complete the acquisition of residential properties that are “on offer” to the council for a limited period of time, as well as those currently on the open market. It will also enable the council to maximise use of Right to Buy receipts and other time limited funding sources (such as GLA grant) for the acquisition of property.
Report access: Open;
Report Type: Key Decision;
Decision due: March 2024 by Leader of the Council
Lead member: Cabinet Member for the Economy
Lead director: Strategic Director of the Economy Department
Department: The Economy department
Contact: Mo Goudah Email: firstname.lastname@example.org.