Decision details

Councillor Peter Bilson presented the Citywide Housing Revenue Account Investment Programme - Leaseholder Options that was exempt as it contained information relating to the financial or business affairs of any particular person (including the authority holding that information).

Resolved:

1. That the options for Citywide leaseholders on high rise-estates, as shown at Appendix 1 and set out at section 3 of this report, be approved.

2. That authority be delegated to the Cabinet Member of City Assets and Housing, in consultation with the Director of City Assets and Housing, to agree the buy-back of individual properties that meet the criteria as set out at section 3 of this report.

3. That it be noted that there is an existing capital budget as approved at Cabinet in January 2019, for the purchase of additional social housing units using Right to Buy receipts to fund 30% of the costs. This budget will be used to purchase these Citywide leasehold properties that meet the criteria as detailed in this report.