Decision Maker: Mid Suffolk Cabinet
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: Yes
It was RESOLVED: -
That application for exemption from pooling for all Right to Buy receipts from the sale of existing council homes built or acquired since July 2008 and homes built or acquired by the Council going forwards is approved.
REASON FOR DECISION
Exemption from pooling for the sale of these homes would mean that the Council retains more flexibility in how it uses these capital receipts and can apply them to any Housing Revenue Account (HRA) capital expenditure or to repay debt without time restrictions.
Alternative Options Considered and Rejected:
There are no other available options.
Any Declarations of Interests Declared: None
Any Dispensation Granted: None
Publication date: 04/10/2022
Date of decision: 03/10/2022
Decided at meeting: 03/10/2022 - Mid Suffolk Cabinet
Effective from: 13/10/2022
Accompanying Documents: