Issue - meetings

(Report of Director of Adult and Housing Services to be introduced by the Cabinet Member for Housing) To consider the disposal of the Waltham Cross Estate to a Registered Housing Provider.

REPORT TO FOLLOW

Cabinet considered a report that sought approval of the disposal of the Waltham Cross estate to a Registered Housing Provider.

In response to a question Cabinet was advised that the nomination rights negotiated with the Housing Association were considered to be favourable. In terms of the succession rights attached to tenancies, new legislation under the Localism Act 2011, gave Registered Housing Providers the ability to determine the basis of these and therefore this could not be specified as part of the sale of the estate.

Further discussion regarding exempt information, set out under Item 25 of the agenda, was discussed in closed session.

RESOLVED:

1. That the outcome of the Options Appraisal recommending stock transfer as the only viable option that would deliver investment in the homes.
2. That the selection of Broxbourne Housing Association as the preferred new Registered Provider landlord be noted.
3. That Cabinet agree that minimum offer price made to the Council by Broxbourne Housing Association for the Waltham Cross Estate.
4. That delegated authority be given to the Director of Adult and Housing Services to progress the transfer to the Waltham Cross estate to progress completion subject to a positive independent Waltham Cross Estate ballot and formal consent from the Secretary of State.