Transcription; Revised Inaudibles
DM: Give me a short background about Cardiff as an association and its prime link to private finance for your housing delivery.
Yeah okay, private finance was introduced for world housing associations in 1989, and I actually worked at the time as director of housing for the housing association that pirated it which was a big scheme that there was neutralized for john who made such remarks about the type of living and we actually started our own schemes so wells must had half and we had half I think we earned it about 400 times altogether.
DM: Was it a Cardiff one?
No it was another association. It’s what’s now linked to several associations. I’m not Shure whether she spends a lot of time but, and it was such a Herald it you know, there needed to be increased in supplies, not enough public money, housing associations investing on vast assets and we should be able to use the assets better so how do we them well, what we do is use a security to private sector to get loans and you could imagine it sort of go down abandon housing associations at the time who were funded at that time by a combination of borrowings and loans all be it from the public sector works for it, and a revenue fund in, you know you look back now you can’t believe why any government sort of supported us in the way that they did other than that we were small or not in the radar. But mainly the financial regime was extremely generous and even if you made a deficit on your regular activities which I think was certainly pretty harder that time, you know, they was a funding mechanism to sort of pick it up and stock without it. They were also grants for major works which at moment of course we have to sort of fund and support, and the introduction was faced over three or four years, so I think it was actually a very sort of generous introduction to private finance and for the housing associations. So I think that was quite important. I came here in 1991. And the organization meant to be relatively
Yeah okay, private finance was introduced for world housing associations in 1989, and I actually worked at the time as director of housing for the housing association that pirated it which was a big scheme that there was neutralized for john who made such remarks about the type of living and we actually started our own schemes so wells must had half and we had half I think we earned it about 400 times altogether.
DM: Was it a Cardiff one?
No it was another association. It’s what’s now linked to several associations. I’m not Shure whether she spends a lot of time but, and it was such a Herald it you know, there needed to be increased in supplies, not enough public money, housing associations investing on vast assets and we should be able to use the assets better so how do we them well, what we do is use a security to private sector to get loans and you could imagine it sort of go down abandon housing associations at the time who were funded at that time by a combination of borrowings and loans all be it from the public sector works for it, and a revenue fund in, you know you look back now you can’t believe why any government sort of supported us in the way that they did other than that we were small or not in the radar. But mainly the financial regime was extremely generous and even if you made a deficit on your regular activities which I think was certainly pretty harder that time, you know, they was a funding mechanism to sort of pick it up and stock without it. They were also grants for major works which at moment of course we have to sort of fund and support, and the introduction was faced over three or four years, so I think it was actually a very sort of generous introduction to private finance and for the housing associations. So I think that was quite important. I came here in 1991. And the organization meant to be relatively