The finalised draft of the master plan was due to be released mid-March so I'm guessing it will come out any day now, so to take an educated guess, I would imagine they'll apply for the houses almost immediately, I don't know how long such applications take (the one that was recently refused had been known about for quite some time), I believe a third party will deal with the houses, so whether that third party stumps up the £20m straight away in one lump sump or if it trickles in gradually over a number of months/years I don't know, but given the desperate lack of hangarage in the North East let alone the wider UK, I would have thought Peel would want the hangars up and running at the earliest convenience and I'm sure I've heard someone state "this year".
Not much of an answer but hopefully someone can elaborate?