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House of Commons Hansard
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Homes and Communities Agency
25 November 2009
Volume 501
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To ask the Secretary of State for Communities and Local Government what the reasons were for the requirement for an advance from the National Loans Fund to the Homes and Communities Agency referred to on page 56 of the Agency's annual report and financial statement 2008-09. [300605]

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The advance from the National Loans Fund (NLF) was made to the Housing Corporation, one of the predecessor bodies for the Homes and Communities Agency (HCA), in 2007-8. This was re-paid by the Housing Corporation before the launch of the HCA on 1 December 2008 (though this appears in the HCA's financial statements for 2008-09 as these were prepared on a merger accounting basis to give results for the full financial year in 2008-09) and the amount owed was £ nil as at 31 March 2009.

The purpose of the NLF loan to the Housing Corporation had been to continue to fund some residual historical loans made by the Housing Corporation dating from the 1990s made to assist with right to buy purchases.

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To ask the Secretary of State for Communities and Local Government how many property interests with negative value the Homes and Communities Agency holds; and if he will make a statement. [300611]

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Negative valued assets are those that have future liabilities attached to them. The Homes and Communities Agency (HCA) holds nine property interests with negative value.

The future liabilities associated with these assets are fully provided for in Note 31 “Provisions for liabilities and charges” on page 86 of the HCA financial statements, as laid in the House.

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To ask the Secretary of State for Communities and Local Government what salary has been set for each Homes and Communities Agency regional director for 2009-10. [300900]

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As at the end of October 2009 the salary for each Homes and Communities Agency regional director was set at:

£

Regional Director London

157,325

Regional Director East of England

142,100

Regional Director West Midlands

131,848

Regional Director South East

131,816

Regional Director South West

131,950

Regional Director North East

129,920

Regional Director East Midlands

126,706

Regional Director Yorkshire and Humber

121,800

Regional Director North West

121,800

The salary award was backdated to 1 July 2009.

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To ask the Secretary of State for Communities and Local Government how much the Homes and Communities Agency and its predecessor received in interest payments in each of the last three years. [300438]

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This information for the years ending 31 March 2009 and 31 March 2008 can be found in the Homes and Communities Agency’s (HCA) Annual Report and Financial Statements 2008-09. For the year ending 31 March 2007, the information can be found in the published annual report and accounts for English Partnerships and the Housing Corporation.