Issue details

Decision type: Key

Decision status: Recommendations Approved

Notice of proposed decision first published: 01/03/2022

This decision will be taken under urgency procedures.

Reason for urgency:
We are looking to complete the purchase of 10 properties from Brick by Brick (BBB) by the 31st March. As set out in the Cabinet Paper, the purchases need to be secured by the 31st to ensure that we do not have to hand back £1.48m of right to buy receipts and also minimise borrowing requirements for BBB and therefore by default, the Council.

The current Key decision notice, allowing for the potential call in period, would currently not allow the purchase to complete before the 5th April. I would therefore like to request that we look at the urgency provisions to allow completion at an earlier date.

Financial Impact: Expenditure or savings of up to £1,000,000;

Decision due: Not before 1st Apr 2022 by Cabinet Member for Homes

Lead member: Cabinet Member for Homes

Lead director: Corporate Director of Housing

Department: Housing Directorate

Contact: David Padfield, Interim Corporate Director Housing Email: David.Padfield@croydon.gov.uk.