Prior Information Notice Without Call For Competition Banking And Investment ServicesAffordable Homes Guarantee Scheme 2020Description Mhclg And Homes England Intend To Carry Out A Pre Tender Market Engagement Exercise The Purpose Of Which Is To Help Define The Requirement Help Provide A Better Understanding Of The Feasibility Of The Requirement Understand The Best Approach Understand The Capacity Of The Market To Deliver And Possible Risks Involved And Provide The Market With An Opportunity To Ask Questions Raise Queries And Any Issues To Be Addressed At An Early Stage High Level Outline Of The Project Outcomes 1 The Supplier Of This Requirement Will Act As The AuthorityS Delivery Partner To Provide A Debt Aggregation Service That Will Enable Not For Profit And For Profit Private Registered Providers To Develop Additional New Build Homes For Affordable And Social Rent And Or Affordable Home Ownership If An Appointment Is Made The Supplier Will Operate The Scheme Under A Concession Agreement From The Authority 2 The Ahgs 2020S Objective Is To Reduce The Overall Finance Costs To Borrowers To Support Them To Deliver A Greater Number Of Additional New Affordable Homes Than They Would Otherwise Have Done Mhclg Will Provide A Guarantee Covering Full Repayment Of Principal And Interest In Respect Of Both The Payment Obligations Of A Borrower Pursuant To A Loan From Or Arranged By The Successful Bidder And The Payment Obligations Of The Successful Bidder Or A Vehicle Established By The Successful Bidder In Respect Of Any Capital Raised For The Purpose Of On Lending To One Or More Borrowers 3 The Successful Bidder Who Will Owe A Duty Of Care To Mhclg Will Be Required Under The Terms Of The Concession Agreement To Promote The Scheme To Eligible Borrowers Manage The Raising Of Finance From The Capital Markets Likely To Be Listed Debt Securities And On Lend The Proceeds To Approved Borrowers Process Applications From Loan Applicants Undertake Due Diligence Credit Assessment And Risk Assessment Provide Such Management Information And Stress Testing Analysis As May Be Required Under The Terms Of The Concession Agreement And During The Term Of The Loans Perform Facility Agent Type Services Such As Processing Any Waivers Or Amendments And Monitoring Ongoing Reports And Certificates Received From The Borrowers 4 Provision Of The Guarantee For Each Loan Or Any Capital Raised For The Purpose Of Funding A Loan Will Be Subject To Mhclg Approval Which Will Take Account Of The Eligibility And Purpose Of The Loan And Satisfaction With And Approval Of The Risks Of The Individual Borrowing Of Key Importance To Hmg Is The Maximisation Of The Benefit Of The Guarantee In Reducing The Cost Of Borrowing And Supporting The Development Of New Affordable Homes Further Information Can Be Found At Https Dclg Bravosolution Co UkPotential Suppliers May Raise Questions Or Seek Clarification Regarding Any Aspect Of This Ptme Document Before 12 00 Noon On 22 7 2019 Questions Must Be Submitted By The Messages Function In Pqq 8 Affordable Homes Guarantee Scheme 2020 On Bravosolution To Use This Service Register For A Free Account At Https Dclg Bravosolution Co Uk Click The Pqqs Open To All Suppliers Link These Are Selection Questionnaires Sq Open To Any Registered Supplier Click On The Relevant Pqq To Access The Content Pqq 8 Affordable Homes Guarantee Scheme 2020 Click The Express Interest Button At The Top Of The Page This Will Move The Pqq Into Your My Pqqs Page This Is A Secure Area Reserved For Your Projects Only You Can Now Access Any Attachments By Clicking Buyer Attachments In The Pqq Details Box Click My Response Under Pqq Details You Can Choose To Create Response Or Decline To Respond You Can Now Use The Messages Function To Communicate With The Authority And Seek Any Clarification Date Response Required 12 00 Noon Gmt 24 7 2019
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