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Housing Corporation

Volume 32: debated on Thursday 18 November 1982

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asked the Secretary of State for the Environment how the Housing Corporation will use the additional funds available in 1982–83 as a result of the increase to £680 million in its cash limit in England which he announced on 15 November.

I have agreed with the chairman of the Housing Corporation that these additional funds will be used by housing associations as follows:

£ million
Increased expenditure on fair rent and hostel schemes60
Refinancing of associations' private borrowings guaranteed by the Corporation60
Purchase of dwellings for sale on shared ownership terms25
Increased expenditure on major repairs5
150
These additions will permit a material acceleration in the Corporation's fair rent, hostels and low-cost home ownership programmes this year.