When considering the tenure options for
Bridgefield House in November 2017 cabinet were mindful of
immediate pressures to spend the RTB 1-4-1 monies. but provided for
future changes with the following decision:
delegated authority to the Head of Crawley Homes, the Head of
Finance, Revenues & Benefits and the Head of Legal &
Democratic Services, in consultation with the Cabinet Member for
Housing, to negotiate and agree the detailed terms of the
Conditional Purchase Agreement and acquisition, and to consider the
available tenure options as deemed necessary for financial or
strategic reasons.
The 1-4-1 monies are in a more secure position and therefore the
decision has been taken to include intermediate tenures within
Bridgefield House with the usual planning requirement of a 70/30 %
split of affordable rent and intermediate tenure.
Intermediate tenure will be on a flexible approach of shared
ownership through shared equity to assist as many people through a
low cost ownership option as possible. The details of the approach
to be agreed with the Cabinet Member for Housing.
Decision type: Non-key
Decision status: Recommendations Approved
Notice of proposed decision first published: 15/07/2019
Decision due: 12 Jul 2019 by Head of Crawley Homes
Contact: Karen Dodds, Head of Crawley Homes Email: karen.dodds@crawley.gov.uk x8256 Email: Karen.Dodds@crawley.gov.uk.