Loan debt repaid by Andium Homes
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12
WQ.244/2020
WRITTEN QUESTION TO THE MINISTER FOR TREASURY AND RESOURCES BY DEPUTY R.J. WARD OF ST. HELIER
ANSWER TO BE TABLED ON TUESDAY 30th JUNE 2020
Question
Will the Minister, as shareholder representative, state –
- how much has been repaid to the States by Andium Homes in each of the last 5 years; and
- how much of the loan debt has been repaid as a result and what the remaining balance is of this loan?
Answer
- Capital repayments made by Andium on States Loans are detailed below for each of the last 5 years:
2015 £927,000.00 2016 £3,433,000.00 2017 £1,550,000.00 2018 £8,898,000.00 2019 £23,044,000.00
- Loans are issued to Andium on a project by project basis. Repayments from Andium back to the Housing Development Fund are then used to fund subsequent loans to Andium to progress new projects. The total repayments in the last five years are £37,852,000.00. The total outstanding capital value of loans as at 31/5/20 is £204,791,000.