§ 28 Mr. Greville Janner
asked the Secretary of State for the Environment whether he will provide a grant for the purposes of stabilising at a low rate interest upon loans raised by local authorities for the purpose of erecting municipal housing.
§ Mr. Channon
No, Sir. The new subsidies under the Housing Finance Act will meet at least 75 per cent., and this year 85 per cent., of the loan charges on admissible expenditure on new housing schemes for authorities with a deficit in their housing revenue account.