MD1335 HCA delegation - equity loan post sales programme

Type of decision: 
Mayoral decision
Code: 
MD1335
Date signed: 
08 April 2014
Decision by: 
Boris Johnson MP (past staff), Mayor of London

Executive summary

By virtue of the Localism Act 2011 from 1 April 2012 the Homes and Communities Agency’s (“HCA”) powers to operate in Greater London ended, and from this date the Greater London Authority (“GLA”) has undertaken the HCA’s former role in the capital.

There are activities that are undertaken by the HCA in relation to the equity loan investments in London that the Mayor and the HCA have agreed that the HCA should continue to undertake in Greater London. This new delegation replaces the current delegation (MD978), as of 1 April 2014, with regards to these investments.

This Mayoral Decision asks that the Mayor make the necessary delegations to the HCA.

Part 1: Non-confidential facts and advice