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Provision of accounts for the phases of the redevelopment of Le Squez and Le Marais

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WRITTEN QUESTION TO THE MINISTER FOR HOUSING BY SENATOR A. BRECKON

ANSWER TO BE TABLED ON MONDAY 15th JULY 2013

Question

"Given that it was stated in the report accompanying P6/2007 (Social Housing Property Plan 2007–2016) approved on 17th July 2007, that the financing of Le Squez and Le Marais would be met from the £50 million sales of 208 properties to existing tenants and the receipts would fund the redevelopment of the whole estate, would the Minister provide the accounts for the phases of this development and identify the sources of funding?"

Answer

The table attached sets out the cost of each phase of the works to date, the numbers of homes sold the cash value realised, the value of deferred payment bonds held on the Department's balance sheet and the source of other funding which has contributed to the scheme.