C1Part 2Regulation of Social Housing

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C1Chapter 2The Social Housing Regulator

Powers

95Financial assistance

I1I21

The regulator may, where it thinks it advances a fundamental objective, give financial assistance to a person in connection with—

a

undertaking research,

b

preparing guidance,

c

developing and publicising best practice, or

d

facilitating the management of social housing by tenants.

I1I22

Financial assistance under subsection (1) may be given—

a

by way of grant,

b

by way of loan,

c

by defraying expenditure on behalf of a person, or

d

in any other way except purchasing loan or share capital of a body corporate or giving a guarantee or indemnity.

I33

The regulator may, where it thinks it advances a fundamental objective, give financial assistance to F1a private registered provider by—

a

lending money to or in respect of the registered provider, or

b

giving a guarantee or indemnity in respect of the registered provider.

I34

Financial assistance may be given under subsection (3) only with the consent of the Secretary of State (given with the approval of the Treasury).

I1I25

Financial assistance under subsection (1) or (3) may be given on conditions (which may include provision for repayment, with or without interest).