5 Shared Ownership Update PDF 295 KB
Decision:
RESOLVED: that the update is noted and that further information on the points raised in the minutes is shared with members of the committee.
Minutes:
Jennifer Daothong, Executive Director for Housing, Regeneration & Public Realm, briefly introduced the item and the following key points were noted:
1.1 In response to questions regarding the legal status of shared owners of council-sold shared ownership properties, it was noted that when a local authority sells shared ownership the lease counts as a long lease. This is different to the situation with housing associations. Officers agreed to provide more detailed information in writing.
RESOLVED: that the update be noted and that further information on the points raised in the minutes is shared with members of the committee.