Housing: Greater Manchester
(asked on 9th February 2016) - View Source
Question to the Department for Levelling Up, Housing & Communities:
To ask the Secretary of State for Communities and Local Government, what proportion of the Housing Investment Fund devolved to Greater Manchester Combined Authority homes over 10 years is in the form of (a) loans and (b) grants.
This question was answered on 17th February 2016
The Housing Investment Fund is a loan, supported by a legal agreement in place between Manchester City Council (as the lead authority for the Greater Manchester Combined Authority) and DCLG. All of the Housing Investment Fund must be used as financial transactions to private sector organisations for the funding to qualify under the terms of that legal agreement.