Decision - Housing Supply Report: Update on potential acquisition

This report presents an update on potential acquisitions, including an overview of the investment required and supporting business case.

1)             Cabinet agrees to the Council making a formal offer to purchase 21 homes at Vaughan Williams Way and Nicholson Place, Rottingdean for a sum to be negotiated up to the maximum set out in the Part 2 paper and agrees the budget required as outlined in the Part 2 paper to support this purchase.

2)             Cabinet delegates authority to the Acting Corporate Director – Housing, Care and Wellbeing (Housing Lead) in consultation with the Cabinet Member for Housing & New Homes to take the steps necessary to agree and complete: (a) the purchase of 6 houses 15 flats on the terms set out in the Part 2 paper and (b) any other relevant ancillary legal and financial documents necessary to deliver the project and to give effect to recommendations 2.1 and 2.2.