Decision details

(Report of Director of Planning, Housing and Environmental Health)

Approval was sought for a new policy outlining the Borough Council’s approach to affordable home ownership properties under the Discount Open Market Value and First Homes Schemes.  The Policy (attached at Annex 1) set out eligibility criteria for affordable home ownership including local connection and outlined the process for sales.

Careful consideration was given to the local criteria and approach (outlined in 1.2) proposed, the financial and value for money considerations and legal implications.   On the grounds that a Policy would help formalise the Borough Council’s approach to discount home ownership sales and prioritise homes towards meeting local need,  the Cabinet Member for Finance and Housing welcomed the Policy set out at Annex 1. This initiative was supported by the Cabinet. 

RESOLVED:  That

(1)             the Discounted Sale Affordable Homes Policy be approved and adopted; and

(2)             delegated authority given to the Director of Planning, Housing and Environmental Health, in liaison with the Cabinet Member for Finance and Housing, to approve any minor changes to the Policy and related or supporting documents (such as procedure).