Decision details

GM Housing Investment Loans Fund – Investment Approval (Medlock Road)

Decision Maker: Chief Executive Officer GMCA & TfGM

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

Approval for increased investment in the scheme is sought in line with the strategic objectives of the GMCA to increase the supply of housing in the GM area.

Decision:

1. To approve a GM Housing Investment Loan Fund loan of £1.670m to Splash Developments Ltd for the construction of 8 houses on a site in Woodhouses, Oldham. This represents an increase of £70k on the loan approved for the scheme by the Combined Authority in July 2020.
2. To delegate authority to the GMCA Treasurer acting in conjunction with the GMCA Monitoring Officer to prepare and effect the necessary legal agreements.

Publication date: 21/09/2022

Date of decision: 20/09/2022

Effective from: 29/09/2022

Current call-in Count: 0