Decision Maker: Chief Executive Officer GMCA & TfGM
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
Approval to variation of terms of the loans
will maintain GMCA’s support for the developments in line
with the strategic objectives of the GMCA to increase the supply of
housing in the GM area.
1. To approve variations to the terms of the
following GM Housing Investment Loans Fund loans:
BORROWER / SCHEME / DISTRICT /LOAN
Well Built Homes Ltd / Hebron Street / Oldham / £0.810m
Splash Contracts Ltd / Medlock Road / Oldham / £1.600m
GJS (Blade) Investments Ltd / The Blade / Manchester /
£32.438m
AH2 Gee Cross Ltd / Rowbotham Street/ Tameside /
£2.700m
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: 05/05/2023
Date of decision: 05/05/2023
Effective from: 13/05/2023