§ Mr. Corbyn
To ask the Chancellor of the Exchequer what proportion of the £750 million allocated in the autumn statement for buying empty and repossessed properties will be allocated to London local authorities.307W
§ Mr. Nelson
[holding answer 1 December 1992]: Of the total £750 million allocated to boost the housing market in England, Scotland, Wales and Northern Ireland, £580 million was allocated to the Housing Corporation to enable housing associations in England to purchase empty properties. Seventy-five per cent. of this £580 million has already been allocated to individual associations. Of this 75 per cent., half—around £220 million—has been allocated to projects in the Housing Corporation's three London and home counties regions.