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Mr. Durant
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.
Mr. Stanley
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 schemes | 60 |
Refinancing of associations' private borrowings guaranteed by the Corporation | 60 |
Purchase of dwellings for sale on shared ownership terms | 25 |
Increased expenditure on major repairs | 5 |
150 |