Issue - meetings

GM Housing Investment Loans Fund - Investment Approval Recommendations

Meeting: 26/05/2023 - Greater Manchester Combined Authority (Item 20.)

20. GM Housing Investment Loans Fund - Investment Approval Recommendations pdf icon PDF 752 KB

Report of Steve Rumbelow, Portfolio Lead Chief Executive for Housing, Homelessness and Infrastructure.

Additional documents:

Decision:

1.  That the Greater Manchester Housing Investment Loans Fund loans detailed in the table below, as detailed further in this and the accompanying Part B report be approved.

 

BORROWER

SCHEME

DISTRICT

LOAN

Capital & Centric (Cocoon) Ltd

Farnworth Green

Bolton

£12.563m

CitiHaus 7 Ltd

The Highline

Trafford

£12.261m

 

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 variations to the terms of various GM Housing Investments Loans Fund loans detailed in the table below which have been approved by the GMCA Chief Executive under delegated authority, as detailed further in this and the accompanying Part B report be noted.

 

BORROWER

SCHEME

DISTRICT

LOAN

Well Built Homes Ltd

Hebron Street

Oldham

£0.810m

Splash Contracts Ltd

Medlock Road

Oldham

£1.600m

Jubilee Way Estates Ltd

Bury Magistrates Court

Bury

£4.344m

GJS (Blade) Investments Ltd

The Blade

Manchester

£32.438m

AH2 Gee Cross Ltd

Rowbotham Street

Tameside

£2.677m