Decision

Acquisition of Affordable Homes at New Avenue Phase 3

Decision Maker: Cabinet

Outcome: Recommendations Approved

Is Key Decision?: Yes

Is Callable In?: Yes

Date of Decision: November 5, 2025

Purpose: Approval for the acquisition of affordable homes at New Avenue Phase 3.

Content: DECISION: The Cabinet agreed to:     I        Approve the Council acquiring 219 properties on the New Avenue Estate from CPUK for the price set out in Part 2 of this report and letting these properties for social rent. II      Approve entering into a purchase agreement and any agreements associated with the purchase agreement - including consultancy agreements and statutory services and early works agreements relevant to the acquisition III     Delegate authority to the Director of Law and Governance to agree the form of legal documents related to the acquisition via a purchase agreement and if required any variation to the current development agreement.

Supporting Documents

KD5922 - Acquisition of Affordable Homes at New Avenue Phase 3 - Part 1.pdf
Appendix 1.pdf

Related Meeting

Cabinet - Wednesday, 5th November, 2025 7.00 pm on November 5, 2025