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Social Housing: Financial Transactions Capital

Part of Oral Answers to Questions — Finance and Personnel – in the Northern Ireland Assembly at 2:45 pm on 13th October 2015.

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Photo of Arlene Foster Arlene Foster DUP 2:45 pm, 13th October 2015

As I have just indicated, we have used FTC funding in a number of affordable home pilots. In 2012-13, we allocated nearly £12 million to Get Britain Building. In 2013-14, we granted £7·2 million to Get Britain Building, £5 million to affordable home loans and £3·7 million to the Empty Homes scheme. There was also money passed to affordable home loans and Empty Homes schemes in 2014-15. In 2015-16, £25 million has been granted to Northern Ireland Co-Ownership, and that has freed up £15 million of conventional capital, allowing it to be reallocated. We think that that is a good use of the financial transactions capital that we have access to.