§ Mr. SoleyTo ask the Secretary of State for the Environment if he will produce a table giving, for each of the local authorities that have undertaken large-scale voluntary transfer of their housing stock to other bodies,(a) at the time of the transfer, the local authority's outstanding loan debt on its housing stock, (b) the actual price paid for the transfer, (c) the estimate of right to buy receipts included in the valuation price, (d) the amount of the purchase price used by the local authority to repay debt incurred for local housing purposes, (e) the amount of the receipts so far re-invested in housing improvement or development either (i) with the body purchasing the stock, or (ii) registered housing associations not involved with the purchase, or (iii) other outside bodies, or (iv) by the local authority itself, (f) where such re-investment is with a registered housing association, the amount reclaimed by the local authority from the housing corporation as housing association grant and (g) an estimate of the total number of new dwellings built or planned as a result of the re-investment so far undertaken.
§ Sir George YoungThe table gives the information requested except for(d), (e), (f) and (g). On (d), local authorities must set aside either 75 per cent, of the receipts from large-scale voluntary transfers or whatever is required to cover the debt on the transferred housing up to 100 per cent, of the receipts, whichever is the greater. The exact amounts of the receipts which were used to repay the debts on other housing expenditure are not available centrally. On (f), housing association grant for local authority sponsored schemes is claimed by housing associations, not by local authorities. Although the grant is used to repay development loans from local authorities, neither the Housing Corporation nor the Department is in a position to know whether the loans have been funded from voluntary transfer receipts or from other sources. On (e) and (g), local authorities are required to inform the 492W Department of their expenditure, but the proceeds of large-scale voluntary transfers reinvested in local housing are not separately identified.
£ million Local Authority Loan Debt on Housing Stock Price paid for Transfer (gross) RTB Receipts included in Valuation Chiltern 20.738 32.90 16.32 Sevenoaks 25.768 65.50 31.58 Newbury 43.000 47.00 22.29 Swale 37.054 55.15 13.10 Broadland 18.042 25.08 10.34 North Bedfordshire 45.228 63.50 8.93 Medina 17.300 27.85 3.93 Rochester 53.200 76.96 22.19 South Wight 16.200 22.84 3.83 Mid Sussex 24.914 44.19 20.45 East Dorset 11.200 21.63 3.01 Tonbridge and Mailing 22.300 54.40 14.16 Ryedale 13.520 28.29 5.54 South Bucks 16.300 35.27 6.50 Christchurch 7.200 14.10 0.30