Performance Review 2004
Our Annual Report 2004 celebrates the first 25 years of Co-Ownership in Northern Ireland and looks ahead to Co-Ownership's contribution in support of affordability and regeneration. You can download the full report here.
SUMMARY OF ACCOUNTS FOR THE YEAR ENDING 31 MARCH 2004
Income
- 0% investments
- 11% rents
- 22% grant from DSD
- 67% property sales
Expenditure
- 6% operating costs, including property valuations
- 37% payments to DSD
- 57% property purchases
Grant Funding
- Received from DSD £7.9m
- Returned to DSD £10.2m
We received a total of £7.9m from the Department for Social Development in the form of Social Housing Grant. This was used to purchase properties for Co-Ownership buyers.
We returned a total of £10.2m to the Department for Social Development in the form of repaid grant. This was freed up from the sale of Co-Ownership properties (staircasing).
We therefore contributed a net total of £2.3m this year to the Department for Social Development's housing funds.
