Decision details

This relates to the Home Purchase Grant scheme where the council assists people to move from their tenanted property into the private sector. The amendments are to include one-bedroom properties into the scheme and to increase the grant to attract more applicants.

RESOLVED

1.  That the changes to the home purchase grant, cash incentive policy for the inclusion of the purchase of one-bedroom properties in the scheme be approved. 

2.  That the amount of grant offered per property be increased, ensuring that thehome purchase grant remains an attractive option to assist tenants to move into homeownership, whilst retaining council housing stock for much needed future use.

3.  That the consecutive removalof the £3000 grant payment made to tenants for additional property features which simplifies and standardises the approach to grant assessments be approved.