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Housing Finance

Volume 929: debated on Thursday 7 April 1977

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asked the Secretary of State for Northern Ireland what was the total debt of the various public housing authorities on the last date for which the figures are available prior to local government reorganisation; and what is the amount currently owed by the Northern Ireland Housing Executive.

I understand that the Housing Executive inherited loan liabilities of £289 million from the former local housing authorities, new town commissions and Northern Ireland Housing Trust. Although the Executive's accounts for the financial year 1976–77 are not yet available it is estimated that loan liabilities at 31st March 1977 were £585 million.