§ Dr. IddonTo ask the Deputy Prime Minister what the latest figure is for the average cost per unit of(a) improving a local authorit3 -owned home to the Government's Decent Homes Standard and (b) the equivalent cost for a former local authority home that has been transferred into alternative management and/ or ownership through (i) the private finance initiative, (ii) an arm's length management organisation and (iii) large scale voluntary transfer. [184107]
§ Keith HillThe Office of the Deputy Prime Minister does not hold comparative information for the cost of making homes decent under the different forms of management. As the data were derived from different sources and in some cases covers more than the cost of making homes decent as they include costs to prevent deterioration as well as costs associated with work which falls outside the decent homes standard. Costs also depend on the condition of the homes owned.
- (a) £6,100 is the average need to spend per dwelling to make homes decent reported by local authorities.
- (b) (i) £1,370 is the average unit cost per year for 30 years for properties in a PFI scheme. PFI is used by local authorities to tackle a small number of their most challenging stock and as such unit costs are higher than the national average.
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- (ii) £6,889 per dwelling is the average bid for by ALMOs on rounds 1 to 4 to make homes decent.
- (iii) £8,200 per dwelling for improvements is the average amount levered in from the private sector under LSVT.