Limavady District Housing Plan 2011/12 - Northern Ireland Housing ...

• Homelessness and those in housing stress;
• Community safety;
• Better community relations, community development, participation and
cohesion;
• Better housing for the Traveller Community;
• Urban and rural regeneration.
Section 3 gives details of our local performance and programmes which are set
out under our six Corporate Objectives.
1.3 Funding
Delivery of our programmes and services depends on rental income, government
subsidy and the sale of assets including land and house sales. Around £100 million
per year of our income has been lost due to the effects of the recession on the
housing market, particularly in the reduced number of sales of our assets.
Our budgets will continue to be restricted and will affect all areas of work including
new build, improvements and grants. We can not plan for or deliver the level of
investment that we know is needed to improve housing conditions in both the
social and private sectors.
We will seek further funding during the course of the year through the 'monitoring
round' process, but this is likely to meet with only limited success as budgets across
Government are tightened.
Overall the level of reductions in the Northern Ireland Budget following the
Comprehensive Spending Review 2010, is to reduce capital expenditure by 40%
over the four years and 5% of revenue expenditure in each of those years.
We make a considerable investment to housing in Northern Ireland each year.
During 2010/11 we spent £352.5 million on our mainstream programme
expenditure, including capital costs associated with improvement programmes,
together with the revenue costs of maintenance and other improvement
programmes, private sector grants and the Social Housing Development
Programme.
The 2011/12 proposed spend for our mainstream programmes is £321.3 million.
Funding of £142.6 million is available for the Social Housing Development
Programme to enable delivery of 1,400 new social housing starts (1,200 general
needs housing and 200 supported housing).
For our Capital Improvement programme there is funding of £19.3 million and for
our Maintenance Programme there is funding of £138.0 million.
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