Acton Gardens 9.5 acquisition – Finance update and use of Right to Buy receipts
October 20, 2025 Strategic Director of Resources (Officer) Approved View on council websiteThis summary is generated by AI from the council’s published record and supporting documents. Check the full council record and source link before relying on it.
Summary
...the funding mix for the Acton Gardens 9.5 acquisition was approved, maximising the use of Right to Buy receipts to reduce borrowing.
Full council record
Content
Officers have maximised the amount of 1-4-1
Right to Buy receipts used to fund cores C and D in the bulk
acquisition of phase 9.5 at Acton Gardens, reducing the level of
borrowing required. This report provides information on the funding
levels and breakdown used to acquire 110 homes at Acton Gardens
phase 9.5 on 24 September 2025 and seeks agreement to the mix of
funding recommended.
Supporting Documents
Details
| Outcome | Recommendations Approved |
| Decision date | 20 Oct 2025 |