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Housing (Funding)

Volume 84: debated on Monday 21 October 1985

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asked the Secretary of State for Northern Ireland if he will make a statement as to the means by which housing services are funded in Ulster.

The sole public housing authority in Northern Ireland is the Northern Ireland Housing Executive; the capital expenditure of which is financed by borrowing, mainly, from Government, and by capital receipts from the sale of dwellings and land and from mortgage redemptions. The Housing Executive's revenue expenditure on loan charges, management, maintenance and general administration is financed partly by rental income and partly by a "Housing Grant" from the Department of the Environment for Northern Ireland to meet the difference between rental income and approved revenue expenditure. House renovation grants paid by the Housing Executive are also financed directly by the Department. The housing grant, financing of renovation grants, assistance to registered housing associations and the private sector and expenditure on other miscellaneous housing services are met from monies voted by Parliament.