Issue - decisions
Purchase of new homes for council housing at the former Pack of Cards Pub, Acomb
06/05/2014 - New Social Housing Down Sizing Opportunity
Resolved: That Cabinet agree Option 2, to approve an ‘off-the-shelf’ purchase of the Pack of Cards development for new council housing at Code for Sustainable Homes Level 4, subject to the satisfactory conclusion of due diligence, to be funded from the Housing Revenue Account investment fund, affordable housing commuted sums, and Right to Buy receipts.
Reason: To allow the council to add 14 new homes to its existing asset base and help to alleviate the acute housing need in the city, through an opportunity that does not require the use of any of the council’s land assets.