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Lord Kerslake’s Review of GLA Housing Delivery (3)

  • Reference: 2022/1399
  • Question by: Caroline Pidgeon
  • Meeting date: 19 May 2022
A new senior housing lead has recently been appointed, as recommended by Lord Kerlsake’s review. How does this new role relate to the Deputy Mayor for Housing’s role? Where is the delineation of responsibilities?

Lord Kerslake’s Review of GLA Housing Delivery (2)

  • Reference: 2022/1398
  • Question by: Caroline Pidgeon
  • Meeting date: 19 May 2022
Lord Kerlsake refers to a review undertaken by PWC into the possibility of a new Land Fund. Please can you publish this work?

Lord Kerslake’s Review of GLA Housing Delivery (1)

  • Reference: 2022/1397
  • Question by: Caroline Pidgeon
  • Meeting date: 19 May 2022
Lord Kerlsake’s review of GLA Housing Delivery examines your manifesto pledge of creating a ‘City Hall Developer’. Lord Kerslake concludes that if the GLA is serious about direct delivery of housing, it must look to ‘creative funding solutions’ beyond capital support from central Government or joint ventures. Do you accept this conclusion?

Mayor’s Green Bond to support Net Zero (9)

  • Reference: 2022/1396
  • Question by: Caroline Pidgeon
  • Meeting date: 19 May 2022
What will the internal oversight arrangements of the sale of the Green Bond be? How will Assembly Members be involved and consulted?

Mayor’s Green Bond to support Net Zero (8)

  • Reference: 2022/1395
  • Question by: Caroline Pidgeon
  • Meeting date: 19 May 2022
When can Assembly Members expect to see some sort of framework which sets out the principles of the Green Bond and the criteria for which expenditures are eligible to be financed by it?

Mayor’s Green Bond to support Net Zero (7)

  • Reference: 2022/1394
  • Question by: Caroline Pidgeon
  • Meeting date: 19 May 2022
How exactly will the £86m apportioned in your budget to facilitate the sale of the bond be used?

Mayor’s Green Bond to support Net Zero (6)

  • Reference: 2022/1393
  • Question by: Caroline Pidgeon
  • Meeting date: 19 May 2022
How long has this Green Bond been in the planning and why has it not been subject to scrutiny through the GLA budget process? It wasn’t even mentioned until your Final Draft Consolidated Budget was published on 16 February 2022.

Mayor’s Green Bond to support Net Zero (5)

  • Reference: 2022/1392
  • Question by: Caroline Pidgeon
  • Meeting date: 19 May 2022
Is this bond a one off or do you anticipate using debt funding for further initiatives of this sort, or perhaps more broadly and rolling over debt you already have when it comes due (i.e borrowing new money to repay old bonds)?

Mayor’s Green Bond to support Net Zero (4)

  • Reference: 2022/1391
  • Question by: Caroline Pidgeon
  • Meeting date: 19 May 2022
Are any additional staff with specialist knowledge of bond sales or ‘green finance’ required at the GLA, or are you working with external support to facilitate the sale?

Mayor’s Green Bond to support Net Zero (3)

  • Reference: 2022/1390
  • Question by: Caroline Pidgeon
  • Meeting date: 19 May 2022
What sort of interest rate do you expect the GLA will pay on the bond, and over what term?
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