Content

(Report of Director of
Planning, Housing and Environmental Health)
 
Approval was sought for a
new policy outlining the Borough Council’s approach to
affordable home ownership properties under the Discount Open Market
Value and First Homes Schemes.  The
Policy (attached at Annex 1) set out eligibility criteria for
affordable home ownership including local connection and outlined
the process for sales.
 
Careful
consideration was given to the local criteria and approach
(outlined in 1.2) proposed, the financial and value for money
considerations and legal implications.   On the grounds that a Policy would help
formalise the Borough Council’s approach to discount home
ownership sales and prioritise homes towards meeting local
need,  the
Cabinet Member for Finance and Housing welcomed the Policy set out
at Annex 1. This initiative was supported by the
Cabinet. 
 

RESOLVED:  That
 
(1)            
the Discounted Sale Affordable Homes Policy be approved and
adopted; and

 
(2)            
delegated authority given to the Director of Planning, Housing and
Environmental Health, in liaison with the Cabinet Member for
Finance and Housing, to approve any minor changes to the Policy and
related or supporting documents (such as procedure).