§ Mr. Durantasked the Secretary of State for the Environment how the Housing Corporation will use the additional funds available in 1982–83 as a result of the increase to £680 million in its cash limit in England which he announced on 15 November.
§ Mr. StanleyI have agreed with the chairman of the Housing Corporation that these additional funds will be used by housing associations as follows: 265W
£ million Increased expenditure on fair rent and hostel schemes 60 Refinancing of associations' private borrowings guaranteed by the Corporation 60 Purchase of dwellings for sale on shared ownership terms 25 Increased expenditure on major repairs 5 150 These additions will permit a material acceleration in the Corporation's fair rent, hostels and low-cost home ownership programmes this year.