By Mr Da Alexander
`... the main deft and incisive research on hand at the present time of the problems in present housing coverage. The evidence are up to date and the procedure clean and stimulating ...' - Social providers perception
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Additional resources for The Housing Crisis
Example text
Secondly, and more importantly, the increasing gap between notional accounts on which subsidy is calculated and actual HRAs is likely to increase the reluctance of the authorities affected in this way to invest in the future. Initially it means debt associated with new investment would not benefit from exchequer subsidy and would have to be wholly funded by rent or rate increases. The operation of the housing subsidy system and other factors are thus providing a recipe for low investment rather than a pattern of activity either related to need or to what the country can afford.
The volume of receipts has risen dramatically since 1979/ 80 with increasing levels of council house sales, and initial receipts from the sale of dwellings have supplanted repayments of loans as the principal source of receipts. Council house sales in the period 1979–84 were more than double those in the previous forty years combined and have exceeded those completed in the whole history of council housing. Neither sales nor capital receipts are a totally new phenomenon. The main difference in recent times however is in the relationship of the volume of capital receipts to capital expenditure.
24. FROM COMPLACENCY TO CRISIS 23 (40) J Ermisch, The Political Economy of Demographic Change, Heinemann, London, 1983, p. 192. , p. 185. , p. 186. , p. 187. (44) Housing and Construction Statistics . (45) Social Trends 1983, HMSO, London, 1982, p. 12. 7. (47) Housing and Construction Statistics 1970–1980, HMSO, London, 1981, Table 109. (48) P Malpass, ‘Residualisation and the Restructuring of Housing Tenure’, Housing Review, March–April 1983. (49) First Report of the Environment Committee, op.