G.F. 316
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Public Housing
67.
Of the total Consolidated Account capital expenditure in 1985-86, $3.9 billion will be spent on
on the construction of
housing, including temporary housing areas, compared with the revised estimate of $3.5 billion for 1984-85. These figures exclude the value of land used by
land used by the Housing Authority for rental housing and for flats built under the Home Ownership Scheme sold after early 1982 (29).
(29)
1985-86
1984-85
Revised
Draft
estimates
estimates
($mn)
($mm)
(1) Rental Housing Programme (*):
Drawings from Development Loan Fund (**) Housing Authority's own resources (***) New Territories Development
Department (****)
1,650
1,800
600
1,000
7
1
Asian Development Bank Loans (*****)
25
21
Total (1)
2,282
2,822
(2) Home Ownership Scheme (******)
1,193
987
3,475
3,809
56
97
3,531
3,906
Total (1) + (2)
(3) Temporary Housing Areas
Total (1) + (2) + (3)
Notes: (*)
(**)
(***)
(****)
Not including the Housing Society. For housing and ancillary facilities, but nothing for land, because land is granted to the Housing Authority at nil premium, although the full market value of the land is entered in the Authority's accounts as a Government contribution.
Difference between rent income and running expenses plus premia from commercial lettings.
Residual expenditure on flats built by the Building Development Department prior to 1983-84.
(*****) See Memorandum Note on Head 134 Public Debt, and the
Memorandum Note on A.D.B. Loans in the Estimates.
(******) These figures exclude expenditure on the Middle Income
Housing Programme and the Private
the Private Sector Participation Scheme. For the Home Ownership Scheme itself, the expenditure figures include $99 million and $107 million for 1984-85 and 1985-86 respectively being drawings by the Housing Authority from the Development Loan Fund for commercial facilities, but exclude the value of land in respect of domestic elements.
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