Purchase of Section 106 Affordable Housing Units

April 25, 2024 Cabinet (Cabinet collective) Key decision Approved View on council website
Full council record

Purpose

Following approval at Council
of the accelerated affordable housing development programme, this
report seeks the  approval to purchase
31 Section 106 units.

Decision

Cabinet agreed to:
 
1. The purchase of 31 new affordable
homes, using the additional capital budget, approved by council at
its meeting on 12 October 2023;
 
2. The letting of these homes in
accordance with the council’s Allocations Policy, at an
affordable rent as set out in the council’s Tenancy
Strategy.

Supporting Documents

Cabinet report 25_4_24 - Purchase of 31 Affordable Homes at Nash Road Margate - Google Docs.pdf

Details

OutcomeRecommendations Approved
Decision date25 Apr 2024
Subject to call-inYes