Issue - meetings

Test 3

 

 

Meeting: 06/03/2024 - Cabinet (Item 4.)

4. USK, LOW-COST HOME OWNERSHIP FUTURE USE pdf icon PDF 718 KB

Division/Wards Affected: Usk & Adjoining Wards

 

Purpose: To consider the repurchase of a Low-Cost Home Ownership (LCHO) property in Usk following receipt of the owner’s intent to sell.

 

Author: Sally Meyrick, Strategy & Policy Officer, Affordable Housing

 

Contact Details: sallymeyrick@monmouthshire.gov.uk

 

Decision:

To re-purchase the property using Low-Cost Home Ownership capital funds and Home Finder Loan funds and retain in the Council’s ownership on a temporary basis to provide temporary accommodation for a homeless family.

 

To agree to a programme of improvement works.

 

To approve a draw on LCHO capital receipts reserve of £209,442.92 to create a capital budget for the re-purchase of the property and refurbishment works.