HC Deb 28 February 1972 vol 832 c214
Queen's Recommendation having been signified—
That, for the purposes of any Act of the present Session to introduce a new system of housing subsidies for housing authorities, to provide for rent rebate and rent allowance schemes administered by housing authorities, to amend the law about rents of dwellings and in particular those subject to the Rent Act 1968 or provided by housing authorities, and to make other provision as to housing finance, it is expedient to authorise payments out of money provided by Parliament as follows:—
- 1. A subsidy for the provision of hostel accommodation by local authorities, or other bodies or authorities.
- 2. Housing subsidies for housing associations or the Housing Corporation as set out below.
- A. Special residual subsidy, that is a reducing sum based on the housing subsidies which would have been receivable but for the proposed repeal of Part I of the Housing Subsidies Act 1967 and section 15 of the Housing (Financial Provisions) Act 1958.
- B. New building subsidy, that is 100 per cent. or less of the initial deficit incurred on any new building scheme approved by the Secretary of State.—[Mr. Channon]