Purpose

To enable the acquisition of a
site in Fareham Park area, which will assist the Council in meeting its
affordable housing need.  

 

An opportunity has arisen for the
Council (in its role as housing provider) to seek to acquire a site in the Fareham
Park area.  The site is well located and
suited to provide a redevelopment opportunity, providing much needed affordable
homes. 

 

This proposal supports the Council’s
priority to provide housing choices.

Decision

RESOLVED that the Executive:

 

(a)  agrees,
in principle, that the Council seek to acquire the site as set out in the Confidential
Appendix to the report; and

 

(b)  delegates
authority to the Director of Housing and Health, following consultation with
the Executive Member for Housing, to agree the final acquisition cost and terms
of purchase, subject to the purchase being within affordable levels.