Decision details

Approval for investment in the Heath Lane Farm and Stephenson Street developments is sought in line with the strategic objectives of the GMCA to increase the supply of housing in the GM area.

1. To approve a GM Housing Investment Loan Fund loan of £5.000m to Heath Farm Lane LLP for the construction of 148 homes on a site known as Heath Farm Lane, Partington.
2. To approve a loan of £0.981m to be funded with City Deal Receipts to Specialist Care Developments Ltd for the construction of 12 apartments on a site on Stephenson Street, Oldham.
3. To delegate authority to the GMCA Treasurer acting in conjunction with the GMCA Monitoring Officer to prepare and effect the necessary legal agreements.
4. To approve the above decisions as urgent and the seeking of exemption from call-in by the Overview and Scrutiny Committee.