Part 1The Homes and Communities Agency

Chapter 4Other functions of the HCA

Social housing

I1C135Duty to give financial assistance in respect of certain disposals

F31

The HCA must exercise its powers under section 19 to give financial assistance by way of grant to a relevant provider of social housing in respect of any discount given by the provider by virtue of a person exercising the right to acquire conferred by section 180.

F42

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3

The amount of the grant given by virtue of subsection F6(1) to a relevant provider of social housing for any year is to be the aggregate value of the discounts given by that provider in that year.

4

The amount of the grant given by virtue of subsection (1)(b) to a relevant provider of social housing must not exceed the amount of the discount to which the tenant would have been entitled in respect of the other dwelling.

5

The HCA must specify—

a

the procedure to be followed in relation to applications for a grant by virtue of this section,

F5b

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c

the manner in which, and time or times at which, a grant by virtue of this section is to be paid,

d

any other terms or conditions on which such a grant is given.

6

In this section—

  • “dwelling” has the same meaning as in Part 2,

  • “F1private registered provider of social housing” includes a person falling within section 180(3),

  • “registered social landlord” has the same meaning as in Part 1 of the Housing Act 1996,

  • “relevant provider of social housing” means—

    1. a

      a F2private registered provider of social housing, or

    2. b

      a registered social landlord,

  • “tenant” has the same meaning as in Part 2.