§ 42. Mr. Channonasked the Minister of Housing and Local Government what amount of Government money he proposes to make available to the Housing Corporation; and what action he is taking to enlarge the work of the Corporation.
§ Mr. CrossmanPart I of the Housing Act, 1964, which established the Housing Corporation, authorises advances up to £50 million, with provision for this to be increased to £100 million by Order subject to affirmative Resolutions of the House.
The work which the Housing Corporation will do is set out in the Act and I have no present intention of enlarging its scope. The Corporation's job will be to foster in all ways the building by housing societies of houses and flats for letting at cost rents or on the basis of group ownership.