Decision Maker: Executive

Outcome: Recommendations Approved

Is Key Decision?: Yes

Is Callable In?: Yes

Date of Decision: November 4, 2024

Purpose: To obtain Executive approval for the change of tenure of 29 Cottes Way, Hill Head to shared ownership, and the disposal of 5 Gordon Road, Fareham, including the building freehold.   The Affordable Housing Strategy (2019) aims to provide the right affordable homes in the right places for those who heed them. Following a review of the suitability of two void properties, the report asks for Executive approval to change the tenure of 29 Cottes Way to shared ownership, and to dispose of 5 Gordon Road, including the building freehold.   The report also seeks approval for the costs, detailed in the accompanying appendix to the report, to undertake improvement works to 29 Cottes Way before converting to shared ownership.   Capital receipts arising from the sales will be retained within the Housing Revenue Account and be spent on affordable housing, regeneration or the paying off of HRA debt.    

Content: RESOLVED that the Executive:   (a)  approves the change of tenure (and the associated works costs) of 29 Cottes Way to Shared Ownership:   (b)  approves the disposal of 5 Gordon Road and the building freehold;   (c)  delegates authority to the Director of Housing to establish the best route to sale, for the disposal; and   (d)  delegates authority to the Director of Housing, following consultation with the Executive Member for Housing, to accept the most appropriate offer for the disposal.