asked the Minister for Local Government the expenditure or estimated expenditure for the year ended 31st March, 1972 in the form of and in expansion of a reply of 9th December, 1971, in connection with housing aids, together with the expenditure in relation to the following types of assistance: (a) rate remission. (b) income tax relief on mortgage interest, (c) subsidies by the State, (d) subsidies from rates and (e) other subsidies.
Written Answers. - Housing Aids.
200.
Following is the information:
Value of assistance for private and local authority houses in 1971-72.
|
Type of assistance |
Private houses—new and re- constructed |
Local authority houses |
|
£000's |
£000's |
|
|
1. State grants |
4,533 |
7 |
|
2. Supplementary grants |
2,360* |
— |
|
3. Site subsidy |
13 |
— |
|
4. Rates waiver schemes |
437 |
122 |
|
5. Subsidies towards loan charges |
— |
11,640* |
|
6. Total (1-5) |
7,343 |
11,769 |
*Provisional
NOTES: (a) State and local authority assistance for local authority houses—other than grants for improvements to these houses—is in the form of contributions towards loan charges and losses borne on the rates and is included at (5) above. The expenditure of £7,000 shown for local authority houses at (1) represents grants for improvements to these houses.
(b) Information on the value of income tax relief on mortgage interest arising from the purchase of both private and local authority houses is not available. While details of the cost of rates remission on new and reconstructed dwellings are not available, it is estimated that the cost would be of the order of £4.6 million.
(c) The figure for subsidies towards loan charges on local authority housing comprises £5.89 million in subsidy payments by the Department of Local Government and £5.75 million in losses borne on the rates