Decision details

To consider the outcome of an options appraisal for the Airey properties not subject to a redevelopment scheme. 

Cabinet AGREED that

(a)               a pilot refurbishment programme be agreed for the following Airey homes:

(b)               if the Capital Finance Regulations are not amended to allow for a retention of 100% of the capital receipts from shared ownership sales then this matter be referred back to Cabinet at a later date for further consideration of the available options, including open market sales; and

(c)               if the shared ownership model should prove successful within the pilot programme then, subject to the outcome of further local consultation, a wider programme for the remaining 17 Airey units at Bassingbourn, Fulbourn, Coton, Gamlingay and Impington be approved.