Purpose

To purchase a one-bedroom flat at 78 Hockmore Tower as part of the RRTBR 26/27 programme for a purchase price of £185,000.

Decision

The Deputy Chief Executive decides as follows:

1. To purchase a one-bedroom flat at 78 Hockmore Tower as part of the RRTBR 26/27 programme for a purchase price of £185,000.

Reasons for the decision

In response to the above, the decision has been made to use allocated funds of £185,000 to purchase a one-bedroom flat at 78 Hockmore Tower as part of the RRTBR 26/27 programme. This decision will work towards meeting the Council priority of delivering more affordable housing and responding to the immediate housing need.

Alternative options considered

The alternative option would be to not purchase which would go against the Councils priority to deliver more affordable housing.