- 3
Purchasing the flats in which they reside will only mean
that they increase their financial burden without much added
advantage over their neighbours who will continue to pay
low rents and enjoy the same level of amenities and identical
standard of accommodation.
For the above reasons, it is therefore
inappropriate to embark on this proposal at this time.
This might be better considered in the mid-1990s when the
bulk of those awaiting public rental accommodation will
have been suitably housed. In the meantime, measures have
been introduced by the Housing Authority to increase the
proportion of new Home Ownership flats to be allocated to
Green Form applicats when necessary in order to meet the
recent increase in demand for such flats from these
applicants. A long term housing strategy review is also
underway to consider, inter alia, how best the demand for
home purchase can be met. In this context, proposals to
increase the proportion of Home Ownership flats and the
introduction of a Home Purchase Loan Scheme are being
considered. The results of this review are expected to
become available early this year.