Issue - decisions

1.    Approve the borrowing facility of up to £28m to enable the investment in the acquisition of some 100 street properties at market rates to be let as temporary accommodation

2.    Approve the use of up to £12m Right to Buy Receipts to reduce the level of borrowing required

3.    Agree that the proposed rent levels for the properties to be at social rent level

4.    Delegate authority to the (Interim) Director of Homes and Social Investment for individual property purchases up to £425,000 per home which will include fees and Stamp Duty Land Tax Payments, with any variations to this to be subject to approval by the Deputy Leader and Cabinet Member for Homes and Gateway Services and the Cabinet Member for Finance and Resources

5.    Approve the purchase of 10 new homes for use by Key Workers as part of a pilot scheme

6.    Agree to the use of Croydon Affordable Homes to manage and let the properties to Key workers based on Assured Short Hold tenancies at a rental of 80% market value

7.    Agree to the principle of acquiring new build Brick by Brick properties as part of the housing supply strategy on a home by home basis subject to viability.