Agenda item

Report of the Director of Community & Children’s Services.

The Sub Committee received a report of the Director of Community & Children’s Services regarding the City of London’s City Home Purchase Grant scheme. This scheme used funds from the Government’s Right to Buy Social Mobility Fund to offer Right to Buy eligible tenants up to £30k to purchase a home on the open market. Members noted that there had been a lower level of take-up than was anticipated, but a total of five grants had been agreed and, for the successful applicants, it had been a life-changing experience.

RESOLVED – That the report be noted.