Decision details

At its meeting on 9 March 2016, the Cabinet approved proposals to consult on the introduction of a scheme to provide an affordable home ownership option for tenants on lower incomes meeting their aspirations to become home owners, which would be open to all tenants who meet affordability and qualifying criteria.

The Cabinet will be advised on the outcome of the consultation and asked to agree the implementation of the scheme.  

Cabinet resolved to:

(i)  Note the outcome of the public consultation carried out in respect of the Tenant Shared Ownership Scheme as detailed in the report and summarised in Appendix 2 to the report;

(ii)  Adopt the Tenant Shared Ownership Policy as set out in Appendix 1 to the report;

(iii)  Authorise the Strategic Director for Growth and Homes, in consultation with the Cabinet Member for Finance, Growth and Investment, to agree the implementation date of the scheme and related policy; and

(iv)  Authorise the Director of Law and Governance, or an authorised delegate on her behalf, to negotiate and execute all necessary legal agreements and other documentation on behalf of the Council.