Decision details

Having considered an officer report, and a presentation by the Cabinet

Member for Housing, Councillor Damien Egan, the Mayor agreed that:

(i) the rationale for allowing Phoenix Community Housing to retain Right to

Buy receipts for sales in its stock in light of the changing housing context and

to enable it to develop new affordable homes be noted;

(ii) the increase the number of new homes in the borough, and especially in

the Bellingham, Downham and Whitefoot wards, and that the Council will

have the right to nominate tenants to the new properties be noted;

 (iii) the Council waives its right to any payments of Right to Buy receipts

due to it under the Transfer Contract between the Council and Phoenix

Community Housing from 1 April 2016, subject to any conditions agreed by

the Council and Phoenix Community Housing.

(iv) authority be delegated to the Executive Director for Resources and

Regeneration on the advice of the Head of Law to finalise the terms of the

waiver.