HC Deb 01 November 1966 vol 735 c221
31. Mr. Rossi

asked the Minister of Housing and Local Government what proposals he has for increasing the level of loan sanctions for local authority mortgages over the next six months.

Mr. Greenwood

I have this matter under review in the light of other factors affecting the housing market.

Mr. Rossi

Is the right hon. Gentleman aware that, whereas in the first half of 1965 £95 million was given to local authorities for the purpose. in the first half of this year under £32 million was given?

Hon. Members

Reading.

Mr. Rossi

Does he not think that the £75 million being given to the Land Commission to acquire private property would be better spent in enabling ordinary men and women——

Hon. Members

Reading.

Mr. Rossi

—to become the proud owners of their homes?

Hon. Members

Hear, hear.

Mr. Greenwood

I congratulate the hon. Gentleman on his ovation. This is part of a much bigger picture and we can view it only in the light of the amounts available to other lending institutions. We have the matter constantly under review.

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