Issue - meetings

To consider the report of the Director of Environment and Neighbourhoods regarding the use of a new housing product to support people moving from renting to purchasing their homes.

Further to minute 193 of the meeting held on the 13^th February 2009 the Director of Environment and Neighbourhoods submitted a report  proposing the use of a new housing product to support people moving from renting to purchasing their homes. The report also seeks approval to dispose of ten properties to East North East Homes Limited and approve the implementation of a “rent to mortgage” scheme as set out in the submitted report

RESOLVED -

a)  That the implementation of a “Rent to Mortgage” scheme as set out in the submitted report be approved.

b)  That the disposal of ten properties to East North East Homes Limited   on the terms set out in this report so as to facilitate the implementation   of the Rent to Mortgage scheme  be approved in principal.

c)  That the eligibility criteria for participation in the scheme as annexed to the report be approved.

d)  That the ability to make changes to the eligibility criteria be delegated to the Director of Environment and Neighbourhoods.

e)  That subject to all necessary consents being obtained the settlement of detailed terms for the leases from the Council to East North East Homes Limited be delegated to the Director of City Development.

f)  That the approval of the terms of the Assured Shorthold Tenancy and the determination of the amount of the intermediate rent be delegated to the Director of Environment and Neighbourhoods and the Director of City Development.