Decision Maker:

Outcome: Recommendations Approved

Is Key Decision?: No

Is Callable In?: No

Date of Decision: June 9, 2025

Purpose:

Content: RESOLVED: That the Adult Social Services, Health and Housing Committee   a)  AGREE in principle the request from RHP to vary the Stock Transfer Agreement (STA) (dated 17th July 2000) to enable the housing stock to be valued based on Market Value Subject to Tenancy, for loan security purposes, with terms to be agreed by the Executive Director of Housing and Regeneration in consultation with the Head of SLLP.   b)  AGREE in principle that the Mortgagee Exclusion Clause (MEC) within the Stock Transfer Agreement is revised to reflect the latest market standard National Housing Federation approved definition, with terms to be agreed by the Executive Director of Housing in consultation with the Head of SLLP.