Decision

Cabinet approved the acquisition in April '25 and granted approval to the Director of Capital Projects and Property, following consultation with the Head of Legal and Lead Member for Housing, to finalise the Heads of Terms, agree the final legal documentation and complete the transaction

Reasons for the decision

The acquisition of these properties will result in 29 additional new Council homes thereby assisting the Council to house households in need of good quality housing.

The proposed Council homes are well located to enjoy the amenities of the High Street in Wood Green.

The homes are expected to be of a good standard and will allow the Council to discharge its homelessness duty to Haringey households.

Alternative options considered

Not to acquire the homes. This option has been rejected because it would be a missed opportunity for the Council to:

Secure 29 new Council homes.

Assist in maintaining momentum and progress in the overall aspiration to provide affordable housing in the borough