Jim McMahon – 2016 Parliamentary Question to the Department for Communities and Local Government

The below Parliamentary question was asked by Jim McMahon on 2016-02-09.

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.

Brandon Lewis

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.