SCHEDULES

SCHEDULE 4Reducing social housing regulation

PART 3Abolition of disposal proceeds fund

I134

1

Section 181 (meaning of “publicly funded” for purposes of provisions about right to acquire) is amended as follows.

2

After subsection (2) insert—

2A

Condition 2 is that—

a

the dwelling was provided wholly or partly by a person using an amount for purposes for which the amount was required to be used by an HCA direction under section 32(4), and

b

before giving the direction the HCA notified the person that any dwelling so provided would be regarded as publicly funded.

3

In subsection (3), for “2” substitute “ 3 ”.

4

After subsection (3) insert—

3A

In relation to a private registered provider, the reference in subsection (3) to its disposal proceeds fund is to its disposal proceeds fund before the abolition of that fund by Part 3 of Schedule 4 to the Housing and Planning Act 2016.

5

In subsections (4) and (5), for “3” substitute “ 4 ”.

6

In subsection (6), for “4” substitute “ 5 ”.