Confirming the funding agreement, a Salboy spokesman said they were “pleased”.
“The funding demonstrates our strong working relationship with GMCA and city councillors, including Bev Craig, as we exceed expectations to deliver Manchester city centre’s first purpose-built affordable housing tower in over 20 years.
“Including GMCA funding as part of the wider funding strategy for this scheme has been a longstanding aspiration, as it helps ensure that the affordable housing portion of the scheme will be as extensive as we want it to be.
“The funding was agreed last week.”
According to public documents, the GMCA loan is set to be repaid “at completion of the main tower in 2032”.