Vol. 419 No. 5
35 Mr. Stagg asked the Minister for the Environment the reason he does not allow Dublin Corporation to use their entire capital proceeds from house sales to refurbish their unique stock of older inner city residential dwellings including flats; and if he will make a statement on the matter.
Housing authorities, such as Dublin Corporation, are required to use the proceeds of the sales of houses as follows: a maximum of 40 per cent towards the financing of the management and maintenance of their housing estates; the balance as a contribution towards the capital expenditure on their house building and remedial works programmes.
The £16 million capital provided in the Public Capital Programme 1992 for the remedial works scheme has been fully allocated, with £6.3 million — some 40 per cent of the total — allocated to Dublin Corporation for expenditure on the eight estates to which the Corporation have given the highest priority and which have been designated for funding under the scheme.
