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DECLARATIONS OF INTEREST RELATING TO THIS ITEM:
 
None
 

RESOLVED:
 
That Cabinet:
 
1.   
Approved the acquisition, for housing purposes, of 565 homes at
867–879 High Road and 36 & 44–52 White Hart Lane
N17 for the purchase price set out in paragraph?3.1 of the Part?B
(Exempt) report and based on the draft Heads of Terms in Appendix?2
of the Part?B (Exempt) report.

2.   
Approved the total scheme cost for the acquisition as set out in
paragraph?3.2 of the Part?B (Exempt) report.

3.   
Approved the decision set out in paragraph?3.3 of the Part?B
(Exempt) report.

4.   
Noted that grant funding from the Greater London Authority (GLA)
would be used to part?fund the acquisition, with the grant amount
contained in paragraph?3.4 of the Part?B (Exempt) report.

5.   
Granted delegated authority to the Corporate Director of Finance
and Resources, following consultation with the Director of Legal
and Governance (Monitoring Officer), to finalise all legal
documentation and complete the transaction.
 

Reasons for decision:

 
The acquisition would
deliver 565 additional Council homes, supporting the
Council’s commitment to deliver 3,000 Council homes by 2031.
The Council’s New Housing Strategy for Haringey
2024–29 states at paragraph?1.1 under Strategic
Objective?1:
 

“Haringey’s ten?year housing target is 15,920 new homes
as set out in the London Plan. We will deliver at least 3,000 of
those homes ourselves as Council homes.”
 
Around 13,000
households were on the Council’s housing register, and these
homes would provide secure, well?constructed affordable housing to
Haringey households in housing need.
 
The acquisition
aligned with the Council’s established acquisitions
programme, increased the supply of modern sustainable homes,
reduced reliance on temporary accommodation, delivered General Fund
cost savings, and supported the provision of GLA?funded Key Worker
housing.
 
The homes were
expected to be of good standard and to meet the Council’s
specification requirements for new council housing.
The homes were well
located with access to local amenities and transport
infrastructure.
 

Alternative options considered:

 
Not acquiring the
homes – This option was rejected because it would have been a
missed opportunity for the Council to:

support its
commitment to deliver 3,000 Council homes by 2031;
avoid a significant
shortfall in meeting the borough’s growing housing
needs;
deliver a key element
of its Medium?Term Financial Strategy (MTFS).