Decision details

Clerk’s Note: This item has been made exempt from call in :Exemption from Call-In

1. That the Greater Manchester Housing Investment Loans Fund loans detailed in the table below, as detailed further in this and the accompanying Part B report be approved:

2. That the proposal for up to £20m of the loan for the Three60 scheme to be met from GMCA’s Growing Places Fund, if required as a result of a proposed £100m cap on GMHILF lending to Renaker city-centre developments, as detailed further in this report, be approved.

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.

4. That the decisions recently taken under delegation in respect of GMHILF loans previously approved by the GMCA be noted.

5. That authority be delegated to the Chief Executive Officer, GMCA & TfGM and the GMCA Treasurer, in consultation with the Portfolio Lead for Housing, Homelessness and Infrastructure, to approve projects for funding and agree urgent variations to the terms of funding in the period 26 March 2022 to 26 May 2022.

6.    That it be noted that any recommendations that are approved under the delegation will be submitted to the next available meeting of the GMCA.