Part ISocial Rented Sector regulated by the Welsh Ministers

Chapter III Grants and other financial matters

F1Grants to bodies other than registered social landlords

27AGrants to bodies other than registered social landlords

(1)

F2The Welsh Ministers may make grants under this section to persons other than registered social landlords.

(2)

Grants under this section are grants for any of the following purposes—

(a)

acquiring, or repairing and improving, or creating by the conversion of houses or other property, houses to be disposed of—

(i)

under equity percentage arrangements, or

(ii)

on shared ownership terms;

(b)

constructing houses to be disposed of—

(i)

under equity percentage arrangements, or

(ii)

on shared ownership terms;

(c)

providing loans to be secured by mortgages to assist persons to acquire houses for their own occupation;

(d)

providing, constructing or improving houses to be kept available for letting;

(e)

providing, constructing or improving houses for letting that are to be managed by such registered social landlords, and under arrangements containing such terms, as are approved by F2the Welsh Ministers;

(f)

such other purposes as may be specified in an order under subsection (3).

(3)

The F3Welsh Ministers may by order make such provision in connection with the making of grants under this section as F4they F5consider appropriate.

(4)

An order under subsection (3) may, in particular, make provision—

(a)

defining “equity percentage arrangements” for the purposes of this section;

(b)

specifying or describing the bodies from whom loans may be obtained by persons wishing to acquire houses for their own occupation;

(c)

dealing with the priority of mortgages entered into by such persons;

(d)

specifying purposes additional to those mentioned in subsection (2)(a) to (e).

F6(5)

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(6)

F2The Welsh Ministers shall specify in relation to grants under this section—

(a)

the procedure to be followed in relation to applications for grant,

(b)

the circumstances in which grant is or is not to be payable,

(c)

the method for calculating, and any limitations on, the amount of grant, and

(d)

the manner in which, and the time or times at which, grant is to be paid.

F7(7)

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(8)

In making a grant to a person under this section F2the Welsh Ministers may provide that the grant is conditional on compliance by the person with such conditions as F2the Welsh Ministers may specify.

(9)

The conditions that may be so specified include conditions requiring the payment to F2the Welsh Ministers in specified circumstances of a sum determined by F2the Welsh Ministers (with or without interest).

(10)

An order under subsection (3) shall be made by statutory instrument which shall be subject to annulment in pursuance of a resolution of F8the National Assembly for Wales .

(11)

In this section—

“disposed of on shared ownership terms” has the meaning given by section 2(6);

“letting” includes the grant of a licence to occupy.