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.