Decision Maker: Cabinet

Outcome: Recommendations Approved

Is Key Decision?: No

Is Callable In?: No

Date of Decision: March 10, 2026

Purpose:

Content: DECLARATIONS OF INTEREST RELATING TO THIS ITEM:   None   RESOLVED:   That Cabinet:   1.    Approved the acquisition, for housing purposes, of 565 homes at 867–879 High Road and 36 & 44–52 White Hart Lane N17 for the purchase price set out in paragraph?3.1 of the Part?B (Exempt) report and based on the draft Heads of Terms in Appendix?2 of the Part?B (Exempt) report. 2.    Approved the total scheme cost for the acquisition as set out in paragraph?3.2 of the Part?B (Exempt) report. 3.    Approved the decision set out in paragraph?3.3 of the Part?B (Exempt) report. 4.    Noted that grant funding from the Greater London Authority (GLA) would be used to part?fund the acquisition, with the grant amount contained in paragraph?3.4 of the Part?B (Exempt) report. 5.    Granted delegated authority to the Corporate Director of Finance and Resources, following consultation with the Director of Legal and Governance (Monitoring Officer), to finalise all legal documentation and complete the transaction.   Reasons for decision:   The acquisition would deliver 565 additional Council homes, supporting the Council’s commitment to deliver 3,000 Council homes by 2031. The Council’s New Housing Strategy for Haringey 2024–29 states at paragraph?1.1 under Strategic Objective?1:   “Haringey’s ten?year housing target is 15,920 new homes as set out in the London Plan. We will deliver at least 3,000 of those homes ourselves as Council homes.”   Around 13,000 households were on the Council’s housing register, and these homes would provide secure, well?constructed affordable housing to Haringey households in housing need.   The acquisition aligned with the Council’s established acquisitions programme, increased the supply of modern sustainable homes, reduced reliance on temporary accommodation, delivered General Fund cost savings, and supported the provision of GLA?funded Key Worker housing.   The homes were expected to be of good standard and to meet the Council’s specification requirements for new council housing. The homes were well located with access to local amenities and transport infrastructure.   Alternative options considered:   Not acquiring the homes – This option was rejected because it would have been a missed opportunity for the Council to: support its commitment to deliver 3,000 Council homes by 2031; avoid a significant shortfall in meeting the borough’s growing housing needs; deliver a key element of its Medium?Term Financial Strategy (MTFS).