Decision details
SHL New Development Loan Extension (SS5)
PDF 78 KBDecision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
Purpose:
To approve the extension of prudential
borrowing arrangement between the Council and SHG.
Decision:
The Cabinet has considered a report that identified the ways in which the Council could continue to maximise the provision of new, affordable housing within the Borough and has given approval to the extension of the existing rolling loan facility to Stockport Homes to enable development through Viaduct Housing Partnership by £14.9m, from £77m to £91.9m, to continue to enable significant affordable homes to be developed and built up to 2024/25, with the option to utilise, where appropriate and prudent, for market sale and market rent.
Alternative options considered:
None.
Interests and Nature of Interests Declared:
None.
Reason Key: Affects 2 or more wards;
Wards Affected: (All Wards);
Equality and/or Environmental Impact Assessment: Yes
Decision Reference: CAB215
Declarations or conflicts of Interest: None.
Forward Plan Reference: SS5
Other reasons / organisations consulted
Portfolio Holder, CLT, Scrutiny
Contact: Mark Glynn, Director of Place Management Email: mark.glynn@stockport.gov.uk Tel: 0161-474-3700.
Report author: John Kennedy
Publication date: 05/02/2020
Date of decision: 04/02/2020
Decided at meeting: 04/02/2020 - Cabinet
Effective from: 12/02/2020
Accompanying Documents: