Decision details
Right to Buy: re-investing receipts in new affordable rented homes
Decision Maker: Executive
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: No
Purpose:
To agree proposals for re-investing right to buy capital receipts in new affordable homes.
Decision:
(i) that the Director of Regeneration and Major projects to be granted delegated authority to enter into agreement with the Department of Communities and Local Government to retain Right to Buy receipts pursuant to section 11(6) of the Local Government Act 2003;
(ii) that the Director of Regeneration and Major projects to be granted delegated authority to make Right to Buy receipts available to Registered Providers of Social Housing under a competitive bidding process to deliver replacement low cost rented accommodation in accordance with the Council’s Contract Standing Orders.
Wards Affected: (All Wards);
Other reasons / organisations consulted
Internal
Contact: Eamonn McCarroll, Operational Director, Finance Email: eamonn.mccarroll@brent.gov.uk Tel: 020 8937 2468.
Report author: Eamonn McCarroll
Publication date: 17/07/2012
Date of decision: 16/07/2012
Decided at meeting: 16/07/2012 - Executive
Accompanying Documents: