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Housing Associations Act 1985
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79 Lending powers.E+W+S
[F1(1)The [F2Welsh Ministers] may lend to a registered social landlord or an unregistered self-build societyF3... for the purpose of enabling the body to meet the whole or part of expenditure incurred or to be incurred by it in carrying out its objects.
(2)The [F4Welsh Ministers] may lend to an individual for the purpose of enabling him to acquire from—
(a)the [F5Welsh Ministers], or
(b)[F6a registered social landlord or an unregistered self-build society,]
a legal estate or interest in a dwelling which he intends to occupy.]
(3)A loan under this section may be by way of temporary loan or otherwise, and the terms of a loan made under subsection (1) may include (though the terms of a loan made under subsection (2) may not) terms for preventing repayment of the loan or part of it before a specified date without the consent of the [F7Welsh Ministers].
[F8(4)Subject to that, the terms of a loan under this section shall be such as the Welsh Ministers determine either generally or in a particular case.]
Textual Amendments
F1S. 79(1)(2) substituted (1.11.1998) by 1998 c. 38, s. 140, Sch. 16 para. 35(2) (with ss. 139(2), 143(2)); S.I. 1998/2244, art. 5
F2Words in s. 79(1) substituted (E.W.) (1.4.2010) by The Housing and Regeneration Act 2008 (Consequential Provisions) Order 2010 (S.I. 2010/866), art. 1(2), Sch. 2 para. 51(2)(a) (with art. 6, Sch. 3)
F3Words in s. 79(1) repealed (E.W.) (1.4.2010) by The Housing and Regeneration Act 2008 (Consequential Provisions) Order 2010 (S.I. 2010/866), art. 1(2), Sch. 2 para. 51(2)(b), Sch. 4 (with art. 6, Sch. 3)
F4Words in s. 79(2) substituted (E.W.) (1.4.2010) by The Housing and Regeneration Act 2008 (Consequential Provisions) Order 2010 (S.I. 2010/866), art. 1(2), Sch. 2 para. 51(3)(a) (with art. 6, Sch. 3)
F5Words in s. 79(2)(a) substituted (E.W.) (1.4.2010) by The Housing and Regeneration Act 2008 (Consequential Provisions) Order 2010 (S.I. 2010/866), art. 1(2), Sch. 2 para. 51(3)(b) (with art. 6, Sch. 3)
F6S. 79(2)(b) substituted (E.W.) (1.4.2010) by The Housing and Regeneration Act 2008 (Consequential Provisions) Order 2010 (S.I. 2010/866), art. 1(2), Sch. 2 para. 51(3)(c) (with art. 6, Sch. 3)
F7Words in s. 79(3) substituted (E.W.) (1.4.2010) by The Housing and Regeneration Act 2008 (Consequential Provisions) Order 2010 (S.I. 2010/866), art. 1(2), Sch. 2 para. 51(4) (with art. 6, Sch. 3)
F8S. 79(4) substituted (E.W.) (1.4.2010) by The Housing and Regeneration Act 2008 (Consequential Provisions) Order 2010 (S.I. 2010/866), art. 1(2), Sch. 2 para. 51(5) (with art. 6, Sch. 3)
Modifications etc. (not altering text)
C1S. 79: transfer of functions (E.W.) (1.12.2008 for specified purposes) by The Transfer of Housing Corporation Functions (Modifications and Transitional Provisions) Order 2008 (S.I. 2008/2839), arts. 1(1), 2 (see S.I. 2008/3068, art. 2(1)(b))
C2S. 79 modified (E.W.) (1.12.2008) by The Transfer of Housing Corporation Functions (Modifications and Transitional Provisions) Order 2008 (S.I. 2008/2839), arts. 1(1), 3, Sch. para. 3 (with art. 6) (see S.I. 2008/3068, art. 2(1)(b))
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