Issue - decisions

Corporate Director of Place gave approval to proceed to re-purchase property in Anne Street.

The need for homes across all affordable tenures remains high. This property is within a block which is significantly owned by CYC and there are asset benefits of retaining a stake in this property. Based on the valuations given it is expected that this additional investment would secure our revenue rental income, with the HRA capital one-off house purchase budget initially being used to purchase the remaining equity pending the re-sale of the equity share. This secures this property as a CYC shared ownership dwelling.