Written question asked by Phil Woolas (Labour) on Wednesday, 2 December 1998, in the House of Commons. It was due for an answer on Tuesday, 8 December 1998. It was answered by Nick Raynsford (Labour) on Tuesday, 8 December 1998 on behalf of the Department of the Environment, Transport and the Regions.

Dept of the Environment Transport and the Regions

Question: To ask the Secretary of State for the Environment, Transport and the Regions, what assessment he has made of the financial impact on Oldham Metropolitan Borough Council of the implementation of the 3,000 homes limit on subsidy recalculation of the housing revenue account. - Inc figs.

Answer: Mr. Woolas: To ask the Secretary of State for the Environment, Transport and the Regions what assessment he has made of the financial impact on Oldham Metropolitan Borough Council of the implementation of the 3,000 homes limit on subsidy recalculation of the housing revenue account. [62687] Mr. Raynsford: Oldham Metropolitan Borough Council transferred 642 properties on the Limehurst Village estate to Limehurst Village Trust in March 1998. The number of properties transferred fell below the threshold (the lower of 3,000 dwellings or 10 per cent. of the authority's current stock) at which Housing Revenue Account (HRA) Subsidy would be recalculated for 1998-99. Oldham was required to consider the effects on subsidy before deciding to make the transfer. If subsidy had been recalculated, it is estimated that Oldham MBC would have received an additional £490,000 in HRA subsidy for 1998-99.

Secondary information

Type: Written question
Reference: 322 c124W; 62687
Session: 1998-99
Subjects: Council housing Property transfer Subsidies Housing revenue accounts Oldham Oldham Council
Contains statistics: Yes