Greater Manchester Housing Investment Fund
Minutes:
The Leader of the Council and Cabinet Member for Finance submitted a report regarding the Greater Manchester Housing Investment Fund (GMHIF).
Delegated decisions:
1. That approval be given to the proposal to enter into a Deed of Indemnity on the terms set out in the report submitted.
2. That the Assistant Director (Legal and Democratic Services) be authorised to complete the necessary documentation.
Reason for the decision:
The GMHIF will provide an opportunity to invest in locally prioritised schemes and give the flexibility required to stimulate the market, accelerate growth and increase housing supply.
Other option considered and rejected:
To reject the recommendation.