Issue - meetings

GM Housing Investment Loans Fund Investment Approval Recommendations

Meeting: 31/07/2020 - Greater Manchester Combined Authority (Item 25.)

GM Housing Investment Loans Fund Investment Approval Recommendations

 

Report of Salford City Mayor, Paul Dennett, Portfolio Lead for Housing, Homelessness and Infrastructure.

 

Decision:

  1. 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

 

  1. That authority be delegated to the GMCA Treasurer and GMCA Monitoring Officer to prepare and effect the necessary legal agreements.

 

  1. 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

 

  1. 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

 

  1. That the update, set out in the report, on the Community Led Housing Initiative, be noted.

 

  1. 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.