Funding of Housing Capital Projects

In April 2012, the Minister for Treasury and Resources proposed to allocate £27.1 million to fund six social housing projects.  The funding became available after improved taxation revenues and its use was intended to help with the provision of social housing and to assist the construction industry.  The Minister brought the proposals for approval by the States Assembly.  The Panel’s review is intended to assist the Assembly in identifying the issues arising from the Minister’s proposition and to ensure that its decision is made on an informed basis.

 

1. To review Social Housing Schemes: Funding (P.40/2012) and to present comments thereon to the States Assembly, the review to include consideration of the following:

a)    The proposed use of £27.1 million from the Consolidated Fund; and

b)    The proposed use of the Currency Fund in due course for the funding of housing capital projects.