§ Ms Estelle MorrisTo ask the Secretary of State for the Environment whether his Department has undertaken any independent analysis on the impact of grant rate reductions on the future affordability of housing association rents.
§ Mr. BaldryWe have sought detailed advice from the Housing Corporation on the possible impact of grant rate reductions on rents and on associations' ability to raise private finance. We have also received copies of work undertaken by the National Federation of Housing Associations on this issue and received many representations from housing associations, lenders and other interested bodies.
§ Mrs. GoldingTo ask the Secretary of State for the Environment what were the average housing association rents on new assured lettings in 1989–90, 1990–91, 1991–92 and 1992–93.
§ Sir George Young[holding answer 13 July 1993]: The average housing association rents on new assured lettings in the years in question were as follows:
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Average rent £/week (to nearest 50p) £ 11989–90 25.50 1990–91 30.00 1991–92 35.50 21992–93 41.00 1 Estimate. 2 Provisional. Source: National Federation of Housing Associations CORE data base.