Decision details

Cabinet Member approval sought.

That the Cabinet Member for Finance, Property and Regeneration:

1.              Noted the options available on how the 8 intermediate units are held after completion.

2.               Approved the transfer of the 8 intermediate to Westminster Community Homes.

3.               Approved the required necessary arrangements are made to complete the transfer of the units.

Reasons for Decision

Westminster Community Homes are the tried and tested option for intermediate rented product. They have the immediate capacity to let and manage the 8 intermediate tenancies and offer an attractive product enabling tenants to progress to home ownership.