HC Deb 03 March 1970 vol 797 cc240-1
9. Mr. Peter Walker

asked the Minister of Housing and Local Government if he will make a statement about the progress of the review of housing finance that his Department is undertaking.

64. Mr. Blenkinsop

asked the Minister of Housing and Local Government whether he will announce the result of his Departmental inquiries into housing finance.

89. Mr. Frank Allaun

asked the Minister of Housing and Local Government if he will make a statement on the progress of his current review of housing finance.

Mr. Greenwood

The comprehensive review of housing finance has reached an advanced stage, but it will be some time before it is completed.

Mr. Walker

Before completion of the review, will the Minister make a statement about local authorities such as Birmingham which, on houses built in 1967 and 1968, rather than being subsidised down to 4 per cent. rate of interest, are now paying more than 6 per cent. rate of interest?

Mr. Greenwood

If the hon. Gentlemen's facts are right, this is no doubt a matter which can be pursued in one of our numerous debates on this subject. I think it will be better to see what the review of housing finance says before I anticipate what action I am likely to take in the light of that review.

Mr. Blenkinsop

Will the review give special consideration to local authorities which have a large number of loans to convert, which will inevitably involve them in heavy financial burdens?

Mr. Greenwood

This is a very great problem, and I think that the review will deal with it adequately.

Forward to