Deeds of Variation to the Loan Facility Agreement and Grant Agreement with 'TBG Open Door Limited', to facilitate ongoing delivery of the Open Door Homes (ODH) 300 Home Programme
July 1, 2026 Executive Director Growth (Officer) Key decision Awaiting outcome View on council websiteThis summary is generated by AI from the council’s published record and supporting documents. Check the full council record and source link before relying on it.
Summary
The Executive Director Growth approved recommendations on 01/07/2026. The decision amended the Loan Facility Agreement to fix the loan rate at 5.75% and varied the Grant Agreement to replace RTB capital receipts with LAHF Round 4 grant funding and re-allocate LAHF Round 1 grant, increasing its total value. Deeds of Variation were entered into to formalise these changes.
Full council record
Decision
- To amend the existing Loan Facility Agreement in order to fix the loan rate of the £70 million Loan Facility to 5.75% for the remaining draw down against the loan facility by TBG Open Door Limited.
- To amend the £31.5 million existing Grant Agreement, to (i) replace £12.447 million of allocated RTB capital receipts with the Year 1 allocation (2026-2027) of the recently awarded LAHF Round 4 grant funding and (ii) to confirm re-allocation of £2.090 million of LAHF Round 1 grant as an addition to the grant agreement, bringing the amended Grant Agreement to a total value of £33.590 million.
- To enter into Deeds of Variations to the Loan Facility Agreement and Grant Agreement to formalise the changes set out in decisions 1. and 2.
Supporting Documents
Details
| Outcome | For Determination |
| Decision date | 1 Jul 2026 |