Issue - meetings

To seek Cabinet approval for a new Shared Ownership Policy.

The Shared Ownership Policy sets out how the Council will manage its Shared Ownership properties and the leasehold model which will be used. It was written to ensure it complied with the Homes England guidance.

RESOLVED that the new Shared Ownership Policy and the fees and charges contained in Appendix 3 be approved.

Reason

The Council has the power under s32 of the Housing Act 1985 (and the General Housing Consents 2013) to dispose of such properties on a shared ownership basis, subject to the limitation set out in the legislation. The Council will also be subject to the Homes England and Capital Funding Guide and as landlord will also be subject to the relevant land and tenant legislation. All relevant legislation is    contained within the Policy document.