Decision details

GM Housing Loans Investment Fund 2019/20 Update Report

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: No

Decision:

1.     That the position of the GM Housing Investment Loan Fund as at 31 March 2020 be noted, specifically that there has been no requirement for GMCA to account for any impairments as a result of the performance of the Fund.

 

2.     That it be noted that discussions with Government were ongoing to vary the terms of the GM Housing Investment Loans Fund agreement and provide further funds to GMCA and/or remove the requirement for funds to be handed back at year-end, and therefore maintain and increase the Fund’s capacity to support the delivery of new homes.

 

Publication date: 04/09/2020

Date of decision: 02/09/2020

Decided at meeting: 02/09/2020 - Greater Manchester Combined Authority

Accompanying Documents: