When is a bank not a bank?

Meeting: 
MQT on 2014-12-17
Session date: 
December 17, 2014
Reference: 
2014/5106
Question By: 
Stephen Knight
Organisation: 
Liberal Democrats
Asked Of: 
The Mayor

Question

In what sense is your London Housing Bank different to any other investment programme?

Answer

Answer for When is a bank not a bank?

Answer for When is a bank not a bank?

Answered By: 
The Mayor

Unlike other GLA grant programmes, the London Housing Bank offers investment in the form of interest bearing loans which are fully repayable to the GLA.