asked the Minister of Health what is the estimated aggregate cost of the 176,000 houses built under the Housing Act; and what will be the estimated annual charge to be borne by the taxpayer?
It is estimated that the capital cost of the 176,000 houses (which includes 4,500 erected by public utility societies and trusts) will approach £190,000,000, and that the annual charge to the Exchequer will be approximately £8,750,000 in the early years. It is hoped that a reduction will be secured on this charge in later years as loans are reborrowed at lower rates of interest.
asked the Minister of Health the actual expenditure by way of grants on housing schemes under the 1919 Housing Acts for each of the financial years 1920–21, 1921–22, and 1922–23?
In the years referred to by the hon. Member expenditure in England and Wales by way of grants on housing schemes was as follows:
| — | Private Builders' Subsidy. | Grants towards Deficits on Housing Schemes. | Total. |
| £ | £ | £ | |
| 1920–21 | 2,528,552 | 525,728 | 3,054,280 |
| 1921–22 | 4,537,884 | 4,533,229 | 9,071,113 |
| 1922–23 | 2,423,267 | 7,226,327 | 9,649,594 |