Council's Affordable Housing Programme - Purchase of Properties From the Registered Provider, Home Group, As Part of Residential Development on the Former Onslow School Site, Hatfield (Forward Plan Reference FP815)
Exempt report of the Executive Director (Housing and Communities) on the purchase of additional homes as part of this scheme.
Additional documents:
Minutes:
Exempt report of the Executive Director (Housing and Communities) on the purchase of additional homes as part of this scheme.
(1) The Decision Taken
RESOLVED:
(1) That the Cabinet agrees that the Council enter into a suitable land and property purchase for fifteen two-bedroom houses on the site as shown on Appendix A to the exempt report and that the properties be owned and managed by the Council, and let at social rent.
(2) That the Cabinet agrees to pay the purchase price of £5,036,850 for the new properties from Home Group with negotiations in progress to see if a further reduction in the price could be achieved.
(3) That delegated authority be given to the Executive Director (Housing and Communities), in consultation with the Executive Member (Planning, Housing and Community), to agree amendments to the price on confirmation of any unforeseen/abnormal changes in costs impacting the viability of the scheme.
(2) Reasons for the Decision
Home Group, a member of the Council’s Registered Provider Framework Group, had been working with Onslow School and Hertfordshire County Council to deliver a new residential development on land no longer required by the school.
As well as the affordable housing which would form part of the planning agreement for the site, the Council had been negotiating the purchase of fifteen two bedroom houses, which would be additional affordable housing
(Note: There were no declarations of interest by a Member(s) in respect of the matter decided).