§ Mr. Dubsasked the Secretary of State for the Environment how much capital financing was received by housing associations from sources other than local authorities or the Housing Corporation in the years from 1974–75 to 1979–80; and how much is anticipated for the years 1980–81 to 1983–84.
§ Mr. StanleyMany housing associations receive funds from charitable bequests and donations but no information70W is available to the Department about the scale of such gifts. Some associations also raise development capital privately pending receipt of Housing Association grant and residual long term public loans.
From 1977 to 1979 the Housing Corporation Finance Company Ltd., an associated company of the Housing Corporation, borrowed £50 million in the private sector to finance housing association investment. This arrangement was the subject of adverse comment by the Public Accounts Committee in its fifth report for the Session 1978–79 (HC 327) and it has been discontinued.
It is not possible to provide estimates of non-public financing of Housing Association projects for this or later years.