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City centre development with no affordable homes poised for £16m more in Greater Manchester loans

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Don't miss a thing by getting the latest from the Manchester Evening News sent direct to your inbox The mayor and council leaders are set to give two more taxpayer loans, totalling £16.3m, to a city centre development containing no affordable housing.

Waterside Places, which is developing Islington Wharf in Ancoats, had already received a £10m loan from the region’s housing investment fund for the previous phase of the scheme.

On Friday, leaders will consider a recommendation to provide two more, one for £8m and another for £8.3m, for the fourth and final part of the development.

That would come jointly from the region’s housing investment fund and a separate pot for commercial investments. The 106-apartment Islington Wharf scheme, off

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