ABSTRACT
In 1985, the government identified eighty-one estates, involving 25,000 social housing units, which were in serious difficulty, based on a Commission it had set up in 1984. This represented 5 per cent of the social housing stock, but up to three times this number were in some difficulty and needed special treatment (Vestergaard 1988). The most distressed areas were to have their loans rescheduled through index-linked finance in order to release money for major repair and renovation.
