Decision details
GM Housing Investment Loans Fund Investment Approval Recommendations
Decision Maker: Greater Manchester Combined Authority
Decision status: For Determination
Is Key decision?: No
Is subject to call in?: No
Decision:
- That the GM Housing Investment Loans Fund loan detailed in the table below be approved:
BORROWER |
SCHEME |
DISTRICT |
LOAN |
Splash Developments Ltd |
Medlock Rd |
Oldham |
£1.600m |
- That authority be delegated to the GMCA Treasurer and GMCA Monitoring Officer to prepare and effect the necessary legal agreements.
- That the GM Housing Investment Loans Fund equity investment approved under delegation in March 2020 detailed in the table below be noted.
PARTNERSHIP |
FUND |
DISTRICT |
EQUITY |
Social & Sustainable Housing Limited Partnership |
Social & Sustainable Housing Fund |
GM wide |
£5.000m |
- That the revised GM Housing Investment Loans Fund loan approved under delegation in July 2020 be noted.
BORROWER |
SCHEME |
DISTRICT |
REVISED LOAN |
Hollins Homes (Wingates) Ltd |
Hartley’s Farm |
Bolton |
£4.381m |
- That the update, set out in the report, on the Community Led Housing Initiative, be noted.
- That authority be delegated to the GMCA Chief Executive Officer, GMCA & TfGM, in consultation with the Portfolio Lead for Planning, Housing & Homelessness, to approve projects for funding in the period 1 August 2020 to 24 September 2020.
Publication date: 31/07/2020
Date of decision: 31/07/2020
Decided at meeting: 31/07/2020 - Greater Manchester Combined Authority
Accompanying Documents: