Issue - meetings

MEADOWSHIP HOMES – UPDATE AND CHANGE TO ACQUISITION CRITERIA

 

 

Meeting: 26/01/2022 - Renewal, Recreation and Housing Policy Development and Scrutiny Committee (Item 60)

60 MEADOWSHIP HOMES – UPDATE AND CHANGE TO ACQUISITION CRITERIA pdf icon PDF 231 KB

Minutes:

Report FSD22014

 

The report provided an update on the Meadowship Homes joint venture with Orchard and Shipman for the acquisition of residential properties for affordable housing and requested a change to the acquisition criteria to shift towards purchasing flats, to enable more properties to be purchased in or close to the borough. About 26 properties had now been purchased, with 117 under offer.  

 

RESOLVED that the Executive be recommended to approve the recommendations in the report to –

 

(1) Note the progress of the scheme to date.

 

(2) Agree the recommendation of the Meadowship Homes LLP Board to vary the portfolio split within the Acquisition Criteria as set out in paragraph 4.6 of the report.

 

(3) Delegate authority to the Director of Housing, Planning and Regeneration in consultation with the Portfolio Holder Renewal, Recreation and Housing to vary the portfolio split set out in the Acquisition Criteria by up to 10% if required to address further changes in market conditions.