Decision details

Greater Manchester Housing Investment Loans Fund - Investment Approval Recommendation

Decision Maker: Greater Manchester Combined Authority

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: Yes

Decision:

                                                                                     

1.              That the GM Housing Investment Loans Fund loan detailed in the table below, as detailed further in this and the accompanying Part B report be approved; 

 

  Borrower

Scheme

District

Loan

Kellen Homes (GM) Ltd

Mill Vale

Rochdale

£12.581m

 

2.              That authority be delegated to the GMCA Treasurer acting in conjunction with the GMCA Monitoring Officer to prepare and effect the necessary legal agreements.

 

3.              That the GM Housing Investment Loans Fund loan detailed in the table below, where an increase in the loan has been approved by the GMCA Chief Executive acting in consultation with the Portfolio Lead Leader for Place Based Regeneration & Housing under delegation be noted.

 

Borrower

Scheme

District

Loan

Blueoak Estates (Manchester) Ltd

Alexander House

Trafford

£11.685m

 

 

Publication date: 01/11/2022

Date of decision: 28/10/2022

Decided at meeting: 28/10/2022 - Greater Manchester Combined Authority

Effective from: 09/11/2022

Accompanying Documents: