WEDNESDAY, APRIL 8, 1987
HE SAID EACH LOAN REPRESENTED ONE RENTAL FLAT MADE AVAILABLE FOR ALLOCATION.
+ AS SUCH IT IS A REPLACEMENT FOR GOVERNMENT'S BUILDING SUBSIDY RATHER THAN A DOUBLE SUBSIDY TO THE RECIPIENT AS HAS BEEN SUGGESTED BY SOME WHO HAVE COMMENTED ON THE SCHEME,+ HE ADDED.
MR FORD STRESSED THE NEW STRATEGY DID NOT ENVISAGE ANY REDUCTION IN GOVERNMENT'S COMMITMENT TO PUBLIC SECTOR BUT PROVIDED FOR AN OVERALL INCREASE IN THE TOTAL NUMBER OF HOUSING UNITS SUBSIDISED BY GOVERNMENT.
+NOR DOES IT, IN ANY WAY, DETRACT FROM THE PRIORITY GIVEN TO HOUSING THOSE MOST IN NEED,+ HE STRESSED.
HE ALSO SAID THE NEW STRATEGY WOULD NOT ADVERSELY AFFECT THOSE ELIGIBLE FOR PUBLIC HOUSING UNDER EXISTING POLICIES, INSTEAD THEY STOOD TO BENEFIT BY BEING GIVEN A GREATER CHOICE BETWEEN RENTAL AND PURCHASE.
+THE INCREASED EMPHASIS ON HOME OWNERSHIP WILL IMPROVE THE OVERALL CASH FLOW OF THE HOUSING PROGRAMME AND SHOULD ENABLE THE ENHANCED PROGRAMMES TO BE MET WITH NO MAJOR INCREASE IN THE SHARE OF SOCIAL PROGRAMMES FUNDS WHICH HAVE TO BE ALLOCATED TO HOUSING,+ MR FORD ADDED.
HE SAID THE NEW STRATEGY WOULD REQUIRE CAREFUL CO-ORDINATION BETWEEN PUBLIC AND PRIVATE HOUSING ACTIVITIES AND THE GOVERNMENT WOULD BE READY TO USE THE HOS AND PSPS TO MEET ANY FAILURE BY THE PRIVATE SECTOR TO PROVIDE THE NUMBER OF FLATS NEEDED AT AFFORDABLE PRICES.
+THE ACTIVITIES OF THE HOUSING AUTHORITY, THE HOUSING SOCIETY, THE FUTURE LAND DEVELOPMENT CORPORATION AND THE PRIVATE SECTOR WILL HAVE TO BE CLOSELY CO-ORDINATED, HE SAID.
MR FORD SAID THE HOUSING AUTHORITY SHOULD PLAY A CENTRAL ROLE IN CARRYING OUT ALL ASPECTS OF THE STRATEGY INTO EFFECT, INCLUDING THOSE PROPOSALS CONCERNING THE HOS, PSPS AND THE HOME PURCHASE LOAN SCHEME.
HE ADDED THAT SPECIFIC PROPOSALS RELATING TO THE DETAILED IMPLEMENTATION OF THE STRATEGY WOULD BE PUT TO THE HOUSING AUTHORITY FOR THEIR CONSIDERATION.
MR FORD ALSO SAID THE GOVERNMENT WAS EXAMINING THE OVERALL FINANCING OF THE HOUSING PROGRAMME AND CONSIDERING APPROPRIATE ARRANGEMENTS FOR THE FUTURE FINANCING OF THE HOUSING PROGRAMME.
/+THIS WILL
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