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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