to finance housing associations' activities for the acquisition, construction and
improvement of homes.
These objectives are planned very carefully so as to be completed
for the period 1974/1975 and the expenditure to meet these objects are analysed as
below:-
Part I
Capital Estimates
(1) Acquisitions
Sites inside and outside Greater London, including slum clearance
and non-confirming industries
£23 million
Existing dwellings such as vacant and private rented properties
and seaside bungalows
£57 million
(2) Building works
New dwellings inside and outside Greater London
£55 million
Improvement and rehabilitation on Council estates, acquired
dwellings and general improvement areas
£15 million
(3) Loans
Home Loans
Housing associations
Total Expenditure
£85 million
£20 million
£255 million
Part II
Revenue Estimates
The revenue estimates are divided into two parts. The GLC is
required to keep an account of its revenue expenditure and income on its housing
land and buildings as prescribed by the Housing Finance Act 1972. Expenditure and
income included in this Statutory Revenue Account are analysed as below:-
25