Part 2Regulation of Social Housing
Chapter 2The Social Housing Regulator
Powers
95Financial assistance
1
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.
2
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.
3
The regulator may, where it thinks it advances a fundamental objective, give financial assistance to a 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.
4
Financial assistance may be given under subsection (3) only with the consent of the Secretary of State (given with the approval of the Treasury).
5
Financial assistance under subsection (1) or (3) may be given on conditions (which may include provision for repayment, with or without interest).