Issue - meetings

1. That the use of the suite of policies appended to the report be approved, with a lease developed to support the sale of homes by the City of Wolverhampton Council on a Shared Ownership basis.

2. That authority be delegated to the Cabinet Member for City Assets and Housing in consultation with the Director of Governance for any variation to the Shared Ownership lease or suite of policies, as required from time to time as a result of review.

3. That the purchase of properties on some WV Living developments for onward sale to residents as Shared Ownership housing be approved.

4. That thee use of Wolverhampton Homes leasehold management services to manage the Shared Ownership properties acquired, applying the policies appended to this report, be approved.

1.    That it be noted that the intention that WV Living’s Sales and Marketing Agent will include these homes in the marketing of the wider market sales offer on WV Living sites, with the sale of each unit from WV Living to the Council timed to coincide with the onward sale to the owner occupier on a ‘back-to-back’ basis.

Councillor Peter Bilson presented the Shared Ownership Lease, Policies and grant approval report for approval. The report outlined the need for affordable homes as a key priority and summarised the suite of new policies to support the sale of Shared Ownership properties, and the proposed arrangements for the sale and management of the development of Shared Ownership homes on WV Living housing sites.

Resolved:

1. That the use of the suite of policies appended to the report be approved, with a lease developed to support the sale of homes by the City of Wolverhampton Council on a Shared Ownership basis.

2. That authority be delegated to the Cabinet Member for City Assets and Housing in consultation with the Director of Governance for any variation to the Shared Ownership lease or suite of policies, as required from time to time as a result of review.

3. That the purchase of properties on some WV Living developments for onward sale to residents as Shared Ownership housing be approved.

4. That thee use of Wolverhampton Homes leasehold management services to manage the Shared Ownership properties acquired, applying the policies appended to this report, be approved.

5. That it be noted that the intention that WV Living’s Sales and Marketing Agent would  include these homes in the marketing of the wider market sales offer on WV Living sites, with the sale of each unit from WV Living to the Council timed to coincide with the onward sale to the owner occupier on a ‘back-to-back’ basis.