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.