Purpose

To obtain Executive approval for
the change of tenure of 29 Cottes Way, Hill Head to
shared ownership, and the disposal of 5 Gordon Road, Fareham, including the
building freehold.

 

The Affordable Housing Strategy
(2019) aims to provide the right affordable homes in the right places for those
who heed them. Following a review of the suitability of two void properties,
the report asks for Executive approval to change the tenure of 29 Cottes Way to shared ownership, and to dispose of 5 Gordon
Road, including the building freehold.

 

The report also seeks approval
for the costs, detailed in the accompanying appendix to the report, to
undertake improvement works to 29 Cottes Way before
converting to shared ownership.

 

Capital receipts arising from the
sales will be retained within the Housing Revenue Account and be spent on
affordable housing, regeneration or the paying off of HRA debt.

 

 

Decision

RESOLVED that the Executive:

 

(a)  approves
the change of tenure (and the associated works costs) of 29 Cottes
Way to Shared Ownership:

 

(b)  approves
the disposal of 5 Gordon Road and the building freehold;

 

(c)  delegates
authority to the Director of Housing to establish the best route to sale, for
the disposal; and

 

(d)  delegates
authority to the Director of Housing, following consultation with the Executive
Member for Housing, to accept the most appropriate offer for the disposal.