Decision Maker: Strategy and Resources Committee
Decision status: For Determination
Is Key decision?: No
Is subject to call in?: No
A previous report to the Strategy and
Resources Committee 7th July 2014 obtained authority for officers
to take all necessary steps to ensure that reinvestable (net)
Right-to-Buy receipts are applied to new build council housing.
This report updates members on the issues surrounding the spend of
those receipts,makes recommendations for future spend and asks for
delegated authority to authorise RTB grants to deliver new
The committee considered a report updating members on the issues surrounding the spend of right to buy receipts and seeking an approved approach to future spend. Members discussed whether the re-investable receipts had to be spent within the borough. Officers confirmed that they would further explore options, particularly with colleagues within the South London Partnership, for spend outside of the borough.
1. That the Strategic Director, Environment, Housing and Regeneration, in consultation with Strategic Director of Resources, is delegated authority to enter into grant agreements with registered providers or other bodies, to provide affordable housing in return for right to buy receipts.
2. That suitable Housing Revenue Account (HRA) sites be disposed of to, registered providers or other bodies to deliver new affordable housing
Report author: Gill Daw
Publication date: 21/07/2016
Date of decision: 11/04/2016
Decided at meeting: 11/04/2016 - Strategy and Resources Committee