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RESOLVED that: 
 
1.        
authority be
delegated in accordance with the Place Directorate Scheme of
Management, in consultation with the Portfolio Holder for Housing,
to acquire:
 
(a)       leaseholder /
freeholder interests in properties located in Phase 3 of Cambridge
Road Estate (CRE) regeneration programme; and
 
(b)      
interests in off-site properties for
the purpose of granting a shared equity lease of those
properties where requested by qualifying leaseholders / freeholders
in Phase 3 who opt to move off the Estate (in accordance with the
CRE Landlord Offer);
 
2.        
authority be delegated in accordance with
the Place Directorate Scheme of Management, in consultation with
the Portfolio Holder for Housing, to acquire properties in Phases 4
& 5 of the regeneration programme where these are occupied by
resident leaseholders / freeholders who wish to move into a shared
equity / ownership property in an earlier phase of the new
neighbourhood;
 
3.        
authority be delegated in accordance with
the Place Directorate Scheme of Management, in consultation with
the Portfolio Holder for Housing, to acquire homes from the
Cambridge Road (RBK) LLP that are designated for shared equity /
ownership and to dispose of these homes to eligible purchasers by
way of a shared equity / ownership lease; and 
 
4.        
authority be delegated to grant shared
equity leases of CRE related on-site and off-site shared equity /
ownership properties to qualifying leaseholders / freeholders as
follows: 
 
where
value is £500,001 - £1m
Chief Executive or Section 151 Officer; 
 
where
value is £50,000 - £500,000
Directors and Director of Development-CRE.