Purpose

This report seeks the Corporate
Director of Resources & S151 Officer’s approval to
acquire an Ex-Right to Buy property, 18 Redstart Close, New
Addington, Croydon, CR0 0EU.
 
The property is a ground floor
2-bedroom flat. It meets the requirements of the Property Purchase
Project, to acquire ex-Right to Buy and Private Street properties
in the London Borough of Croydon. The project’s objective is
to acquire a minimum of 300 (2, 3, and 4+ bedroom) properties over
a 3-year period 2024-2027.
 
This will enable the Council to
meet the corporate priority to increase the supply of Temporary
Accommodation, provide decant properties for Regina Road tenants
and replacement properties for tenants occupying the Croylease
(PRS) scheme.
 

Content

For the reasons set out in the
Report (Part A) and Part B Report and Appendices, the Corporate
Director of Resources & S151 Officer AGREED:
 
To agree the purchase of
18 Redstart Close,
New Addington, Croydon, CR0 0EU on the terms detailed in the Part B
report.