§ 43. Mr. Evennettasked the Secretary of State for the Environment what encouragement his Department is giving to housing association schemes financed by the private sector.
§ Mr. John PattenNext year the Housing Corporation's development programme will include an additional £20 million for use in schemes where housing association grant is combined with private sector loans. This will produce some £70 million of housing for rent — a 10 per cent. increase in the programme. Low cost home ownership schemes already benefit significantly from private finance. Provision in the Housing and Planning Act will open the way to more shared ownership wholly financed by the private sector. The Housing Corporation will be working closely with housing associations to take the fullest advantage of these new initiatives to meet housing need.