Decision details

This report seeks approval for the acquisition of Affordable Housing at Hornsey Town Hall.

Decision Maker: Director of Placemaking and Housing

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: No

Decision:

It is recommended that the Director of Housing, Regeneration and Planning in consultation with the Director of Finance (S151 Officer) and after consultation with the Cabinet Member for Housing and Estate Renewal, agree to:
(a) to enter the Deed of Grant with Crouch End (FEC) Limited relating to Rose Place and the Annexe in the form set out in Appendix A which incorporates the changes from the form of deed of grant agreed within the Acquisition Agreement dated 30 November 2020, those changes described in more detail at paragraphs 5.13-5.18 of this report.
(b) to enter the Deed of Grant with Crouch End (FEC) Limited relating to Hornsey Town Hall Square in the form set out in Appendix B which incorporates the changes from the form of the deed of grant agreed within the Acquisition Agreement dated 30 November 2020, those changes described in more detail at paragraphs 5.13-5.18 of this report.

Reasons for the decision:

The eleven homes will contribute to the Borough’s Plan commitment to deliver 1000 new Council homes at Council rent by 2022 as part of a new era of Council homebuilding in Haringey.



Alternative options considered:

The Council could attempt to negotiate improved terms. This option was rejected because these terms are already the result of very lengthy negotiations and are assessed as being acceptable to the Council.

Publication date: 16/12/2024

Date of decision: 11/12/2024