Decision - Home Purchase Policy - progress update

That the Housing Committee:

1)             Notes the outcomes of the Home Purchase Policy to date.

2)             Recommends that Policy and Resources Committee agree an additional HRA capital budget of £3.000m for the scheme for 2019/20.

3)             Recommends to the Constitutional Working Group a review of the financial limits applied to officer scheme of delegations.

4)             Recommends use of the rent support reserve held within the HRA reserves to enable consideration of reduction of rents under the Home Purchase Policy to achieve social rents or 27.5% living wage rents.