Decision details

Funding for Purchases Under the Right to Buy, Buy Back Programme

Decision Maker: Cabinet Member for Finance and Council Reform, Cabinet Member for Housing Services

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes


The Decision seeks agreement for the Council to enter into a funding agreement to secure grant funding towards to costs of affordable homes being delivered by Westminster as part of the GLA’s Right to Buy, By Back Programme.



1.        Recommendations


That the Cabinet Member for Housing Services and the Cabinet Member for Finance and Council Reform:


1.1      Approves the Council entering a grant funding agreement with the GLA to secure capital grant funding of £1.7m towards the delivery of 17 social rented homes under the Right to Buy Back (RTBB) programme.


1.2    The availability of capital funding for this programme including the   council’s own funding of £7.1m as set out in this report is noted



2.        Reasons for Decision 


2.1      Funding from the GLA supports WCC’s strategic approach to deliver additional affordable homes in the city, including social rented homes.


2.2      The homes delivered under this programme will be provided as social rent tenancies and will be made available to either existing council tenants who have priority for a transfer or to homeless households.


2.3      Capital funding provided will increase the number of homes that can be purchased for those households in social housing need.


Publication date: 27/07/2022

Date of decision: 27/07/2022

Effective from: 04/08/2022

Accompanying Documents: