Issue - meetings

To seek Cabinet approval for an updated Housing Acquisitions Policy.

As part of the Council’s approved Housing Delivery Plan, the Council acquires properties to increase Council owned social housing in Broxtowe. The Housing Acquisitions Policy was originally approved in February 2021. The Policy has been updated and will ensure that the Council fulfils its objectives to increase Council owned social housing in Broxtowe. Through implementation of the Policy, the Council will ensure that all acquisitions are considered fairly and consistently.

RESOLVED that the updated Housing Acquisitions Policy be approved.

Reason

The Council has the power to acquire property on the open market provided it is in furtherance of its duties. The relevant implications for each site will be considered as each is brought forward for development or acquisition. Legal Services recommends early engagement with them where any legal work is required, for example entering into and completing any external grant funding agreements, purchasing any properties, or entering into any legal contracts, which will be executed in accordance with the Council’s Constitution