Housing Development Fund Model Loan Agreement

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A decision made on 21 October 2014:

Decision Reference: MD-TR-2014-0084
Decision Summary Title:	Housing Development Fund - Approval of Model Loan Agreement with Andium Homes Limited		Date of Decision Summary:	14th October 2014
Decision Summary Author:	Head of Shareholder Relations		Decision Summary: Public or Exempt?	Public
Type of Report: Oral or Written?	Written		Person Giving Oral Report:	N/A
Written Report Title:	Housing Development Fund - Approval of Model Loan Agreement with Andium Homes Limited.		Date of Written Report:	14th October 2014
Written Report Author:	Head of Shareholder Relations		Written Report : Public or Exempt?	Public
Subject: Housing Development Fund – Approval of Model Loan Agreement for use with Andium Homes Limited.
Decision(s): The Minister for Treasury & Resources approved the model Loan Agreement (see Appendix 1) to be used when lending money to Andium Homes Limited from the Housing Development Fund.
Reason(s) for decision: In support of States proposition P.33/2013: “The Reform of Social Housing” and in accordance with the use and operation of the Housing Development Fund as set out in Appendix C of the Draft Budget Statement 2015 (P.129/2014: “Draft Budget Statement 2015”) (see Appendix 2). Under MD-TR-2014-0015 the Minister for Treasury and Resources delegated all Ministerial Shareholder duties in relation to States Utilities, Andium Homes and SoJDC during the election period to the Assistant Minister.
Resource Implications: None.
Action required: The Treasurer of the States to advise the Finance Director of Andium Homes Limited and the Law Officers Department, that the approved model Loan Agreement will be the basis on which funds will be lent to Andium Homes Limited from the Housing Development Fund on an agreed projects basis.
Signature:		Position: Deputy E J Noel, Assistant Minister for Treasury and Resources
Date Signed:		Date of Decision: