HC Deb 21 January 1985 vol 71 cc268-9W
Mr. Heddle

asked the Secretary of State for the Environment whether he has decided the breakdown of the Housing Corporation's approved development programme for 1985–86.

Mr. Gow

My right hon. Friend announced on 18 December that the gross provision for the Housing Corporation in 1985–86 was £685 million, comprising an allocation of £605 million plus an estimated £80 million of capital receipts. Of the gross provision of £685 million, £500 million will be needed to meet existing commitments on fair rent and hostel projects, and £85 million to meet commitments on low cost home ownership projects.

The balance of the provision will be used largely to finance new projects for rent, and low cost home ownership including provision for the new scheme for

Housing Corporation—approved development programme 1985–86 (All figures expressed in estimated 1985–86 out-turn prices)
£ million
Net allocation (cash limit) 605
Receipts 80
Gross allocation 685
Memorandum of authorisation:
Programme heads
Existing fair rent and hostel projects
1. Contracted expenditure (block 1) 380
2. New tenders approved (block 2) 120
3. New fair rent and shared housing projects (block 3) Other tenures 50
4.—(a) Improvement for sale Committed expenditure: 85

New projects: 31

 116
(b) Leasehold schemes for the elderly
(c) Shared ownership
(d) Home-ownership for tenants of charitable housing associations
5. Major repairs 14
6. Mini Hag 2
682
7. Right-to-buy mortgages 3
685

Notes:

  1. 1. Included in blocks 2 and 3 (fair rent) and other tenures is an additional amount of £9 million provided by the Secretary of State to cover the cost of certain projects to be undertaken on Mersey side.
  2. 2. In addition to provision for low cost home ownership within the ADP a proportion of expenditure on committed and new projects is to be met by the use of index-linked private finance.
  3. 3. New fair rent and shared housing projects. The allocation of funds under this head will initiate projects to a total cost of some £460 million to be completed over the next three to four years. About 45 per cent, of these resources will go to provide housing for elderly people. The remainder will be used to help people with a range of disadvantages, financial, physical and social. £7 million will be available for expenditure within the year on new hostel and shared housing projects with a total cost in excess of £40 million.