Decision details
Utilising funding received from the Local Authority Housing Fund LAHF Round 2 - to approve the completion of a house purchase.
PDF 156 KBDecision Maker: Assistant Director
Decision status: For Determination
Is Key decision?: Yes
Is subject to call in?: Yes
Decision:
Following Cabinet approvals on 20 February 2023 and 17 July which authorised approval to purchase properties utilising LAHF grant received.
This officer decision notice is to record the decision to complete the purchase of the 2- bedroom terraced house at 24 Fenman Place, Wisbech PE13 3FA.
Decision
The purchase of this property as part of the LAHF programme in accordance with cabinet approvals at a purchase price of £150,000.
Reasons for the decision:
I am permitting that we buy this property for the purchase price of £150,000 with an estimated grant of £75,858 (LAHF R2) towards this purchase and related costs for the following reasons:
· I have looked at the documentation supplied as part of the sale including:
o Valuation Report.
o Solicitor’s Report,
o Form of contract
o IB submission
· I am satisfied that the purchase falls within the remit of what cabinet approved including:
o It is within the financial thresholds of the confidential appendix.
o The signed LAHF MOU with Government
o The location of the property
o The view of Investment Board.
Alternative options considered:
Not applicable.
Publication date: 23/07/2024
Date of decision: 23/07/2024
Effective from: 31/07/2024