Decision Maker: Greater Manchester Combined Authority
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
1. That the GM Housing Investment Loans Fund loans detailed in the table below, as detailed further in this and the accompanying Part B report be approved:
BORROWER |
SCHEME |
DISTRICT |
LOAN |
FSG (Kara) Projects Ltd |
Kara Street, Seedley |
Salford |
£5.126m |
Newpark Gables Ltd |
7 Old Hall Road |
Salford |
£1.455m |
2. That the GM Housing Investment Loans Fund equity investment detailed in the table below, as detailed further in this and the accompanying Part B report be approved:
DEVELOPER |
SCHEME |
DISTRICT |
EQUITY |
Cityheart Ltd and Rise Homes Ltd |
Stockport Interchange |
Stockport |
£9.300m |
3. That authority be delegated to the GMCA Treasurer acting in conjunction with the GMCA Monitoring Officer to prepare and effect the necessary legal agreements.
Publication date: 29/06/2021
Date of decision: 25/06/2021
Decided at meeting: 25/06/2021 - Greater Manchester Combined Authority
Effective from: 06/07/2021
Accompanying Documents: