Decision details

To approve the proposed changes of tenure to the former Cherry Garden School site and note the cost for increasing the number of social housing units.

1.  That the proposed changes of tenure to the former Cherry Garden School site to increase the council retained housing to achieve 50% (based on habitable room) council homes which results in the net contribution of £2,600,000 to Higgins for the loss of sales revenue on the intended intermediate units be approved.

2.  That it be noted that the cost to the council for increasing the social housing units from 32.2% to 50% (based on habitable room) equates to a net cost to the council of £292,308 per unit. The cost of this will be met from resources supporting the Housing Investment Programme (HIP), as further detailed in financial implications of the closed report.