Purpose

The report sought approval to
purchase 32 x section 106 (s106) affordable rent units at Phase 3
of Spitfire Green, New Haine Road,
Ramsgate for £4,050,000 and £212,000 for associated
costs as part of the Council’s accelerated affordable housing
development programme, delivering at least 400 new homes,
constructed or acquired, by 2027.

Decision

Cabinet agree to:
 
1. 
The purchase of 32 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.