Issue - meetings
First Homes Eligibility Criteria
Meeting: 07/09/2021 - Cabinet (Item 47)
47 First Homes Eligibility Criteria PDF 124 KB
The Cabinet is requested to consider the report and its appendices and make the following resolution:
That the Cabinet approves the adoption of a district local connection requirement as set out at paragraph 5.2 for First Homes delivered through new residential developments.
Additional documents:
- First Homes Eligibility Criteria - Appendix 1, item 47 PDF 363 KB
- First Homes Eligibility Criteria - Appendix 2, item 47 PDF 333 KB
Decision:
RESOLVED
That the Cabinet approves the adoption of a district local connection requirement as set out at paragraph 5.2 for First Homes delivered through new residential developments.
Minutes:
Cllr Sutton introduced the item.
Members of the Cabinet sought clarification on the report. Mr Jones explained that with regard to the application of discount on the sale of a first home property there is a cap of £250,000 on the first sale after which any subsequent sales are in line with the market. Mrs Grange added that it is now the case that shared ownership home owners are unable to save as much as had been the case in the past due to the current level of interest rates. She then clarified that first home exception sites do not apply in all areas of the district as stated in the report.
In a vote the following resolution was agreed:
RESOLVED
That the Cabinet approves the adoption of a district local connection requirement as set out at paragraph 5.2 for First Homes delivered through new residential developments.