- Y Diweddaraf sydd Ar Gael (Diwygiedig)
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Housing Associations Act 1985
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Changes over time for: Section 87
Version Superseded: 01/10/1996
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[F187 Financial assistance with respect to formation, management, etc. of certain housing associations.E+W
[F2(1)The Corporation may give financial assistance to any person to facilitate the proper performance of the functions of registered social landlords or co-operative housing associations.]
(2)Assistance under this section may be in the form of grants, loans, guarantees or incurring expenditure for the benefit of the person assisted or in such other way as the Corporation considers appropriate, except that the Corporation may not, in giving any form of financial assistance, purchase loan or share capital in a company.
(3)With respect to financial assistance under this section, the following—
(a)the procedure to be followed in relation to applications for assistance,
(b)the circumstances in which assistance is or is not to be given,
(c)the method for calculating, and any limitations on, the amount of assistance, and
(d)the manner in which, and the time or times at which, assistance is to be given,
shall be such as may be specified by the Corporation, acting in accordance with such principles as it may from time to time determine.
(4)In giving assistance under this section, the Corporation may provide that the assistance is conditional upon compliance by the person to whom the assistance is given with such conditions as it may specify.
(5)Where assistance under this section is given in the form of a grant, subsections (1), (2) and (7) to (9) of section 52 of the Housing Act 1988 (recovery, etc. of grants) shall apply as they apply in relation to a grant to which that section applies, but with the substitution, for any reference in those subsections to the registered housing association to which the grant has been given, of a reference to the person to whom assistance is given under this section.
(6)Section 53 of the Housing Act 1988 (determinations under Part II) shall apply in relation to a determination under this section as it applies to a determination under sections 50 to 52 of that Act.]
Extent Information
E1This version of this provision extends to England and Wales only; a separate version has been created for Scotland only
Textual Amendments
F1S. 87 beginning “The Corporation may give financial assistance” substituted for s. 87 beginning “The Corporation may make grants” by Local Government and Housing Act 1989 (c. 42 SIF 61), s.183
F2S. 87(1) substituted (1.8.1996 for certain purposes andprosp. otherwise) by 1996 c. 52, ss. 55(1), 232, Sch. 3 para. 7; S.I. 1996/2048, art. 4
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