DD1176 Wood Street Custom Build Development Loan

Type of decision: 
Director's decision
Code: 
DD1176
Date signed: 
07 March 2014
Decision by: 
Jamie Ratcliff, Assistant Director of Policy, Programme and Services

Executive summary

The Wood Street Custom Build project in Waltham Forest was approved by the Housing Investment Group (HIG) in December 2012 with first stage loan approval for £800,000 subject to the successful conclusion of Due Diligence.

This paper states the conclusion of the due diligence exercise and recommends that GLA Land and Property enters into a loan agreement with Wood Street Development Partnership (WSDP) for the increased amount of £870,000 to enable the delivery of 4 x 1 beds and 4 x 2 beds flats.

Part 1: Non-confidential facts and advice