Decision Maker: Cabinet
Decision status: Approved
Is Key decision?: Yes
Is subject to call in?: Yes
The Council’s Housing Strategy includes an objective to deliver homes across a range of tenure so that lower income working households have more housing options.
The Cabinet will be asked to approve proposals for a pilot of low cost home ownership products aimed at enabling households to own a share of their home, options for New Build Shared Ownership, options for current tenants to own a share of their home.
Cabinet resolved to:
(i) Approve the proposals for the introduction of a Tenant Shared Ownership Scheme as detailed in the report;
(ii) Agree that the proposals be subject to public consultation for a minimum six week period; and
(iii) Note that a report advising on the outcome of the public consultation and proposing the final policy and implementation date shall be presented to the Cabinet in due course.
Report author: Hakeem Osinaike
Publication date: 10/03/2016
Date of decision: 09/03/2016
Decided at meeting: 09/03/2016 - Cabinet
Effective from: 18/03/2016
Accompanying Documents: