Decision - Housing Supply Report: Update on potential acquisition

This report presents an update on potential acquisitions, including an overview of the investment required and supporting business case.

1) Cabinet agrees to the Council making a formal offer to purchase 21 homes at Vaughan Williams Way and Nicholson Place, Rottingdean for a sum to be negotiated up to the maximum set out in the Part 2 paper and agrees the budget required as outlined in the Part 2 paper to support this purchase. 2) Cabinet delegates authority to the Acting Corporate Director – Housing, Care and Wellbeing (Housing Lead) in consultation with the Cabinet Member for Housing & New Homes to take the steps necessary to agree and complete: (a) the purchase of 6 houses 15 flats on the terms set out in the Part 2 paper and (b) any other relevant ancillary legal and financial documents necessary to deliver the project and to give effect to recommendations 2.1 and 2.2.

Brighton & Hove City Council is considering acquiring 21 affordable homes at Vaughan Williams Way and Nicholson Place, Rottingdean, as part of its programme to increase council housing. The homes would provide permanent social rented accommodation, including four wheelchair-accessible homes, subject to contract and completion of outstanding works.