asked the Secretary of State for the Environment what arrangement he is making to permit the disposal to housing associations of the housing owned by Central Lancashire development corporation; and what changes to cash limits he proposes to make in consequence.
Agreement has been reached between the North British housing association, other housing associations, and the Central Lancashire development corporation for the housing associations to acquire the housing of the development corporation. To permit this acquisition, the approved development programme of the Housing Corporation (and the cash block DOE/HC1) will be increased by £86·8 million. To balance this, cash block DOE/NT1 will be reduced by the same amount, which will be covered by the capital receipts from the housing associations. The two cash blocks will be revised as follows:
|Cash Block||Present Limit||Revised Limit||Increase/Decrease|