Decision details

Refresh of Affordable Homes Development - Stockport Homes (SP5)

Decision Maker: Executive

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

To refresh the Affordable Homes Development plan for Stockport Homes and extend the duration of the aggregate loan facility to Stockport Homes.

Decision:

The Executive Meeting considered a report on the functioning of the existing agreement between the Council and Stockport Homes for the provision of a loan facility to allow Stockport Homes to deliver affordable homes developments. The Executive Meeting then agreed

 

·         to extend the aggregate loan facility of £15.035m to Stockport Homes for a further three years to enable the delivery of affordable homes developments;

·         that authority be delegated to the Corporate Director for Corporate and Support Services in consultation with the Leader of the Council (Policy, Reform & Finance) for the preparation and agreement of individual loan agreements on a scheme by scheme basis.

Alternative options considered:

None

Interests and Nature of Interests Declared:

None

Wards Affected: (All Wards);

Equality and/or Environmental Impact Assessment: An Equalities Impact Assessment will be undertaken if appropriate

Decision Reference: ED1505

Forward Plan Reference: SP5

Other reasons / organisations consulted

Relevant Scrutiny Committees

Contact: Paul Lawrence, Services for Place Email: paul.lawrence@stockport.gov.uk Tel: 0161-474-4515.

Report author: Paul Lawrence

Publication date: 03/04/2013

Date of decision: 02/04/2013

Decided at meeting: 02/04/2013 - Executive

Effective from: 10/04/2013

Accompanying Documents: