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Housing Associations Act 1985
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- s. 87 transfer of functions by S.I. 2008/2839 art. 2
- s. 87(1) words substituted by S.I. 2010/866 Sch. 2 para. 55(2)
- s. 87(2) words substituted by S.I. 2010/866 Sch. 2 para. 55(3)
- s. 87(3) text amended by 2004 c. 34 Sch. 11 para. 1(a) Sch. 16
- s. 87(3) words substituted by S.I. 2010/866 Sch. 2 para. 55(4)
- s. 87(4) word substituted by S.I. 2010/866 Sch. 2 para. 55(5)(b)
- s. 87(4) words substituted by S.I. 2010/866 Sch. 2 para. 55(5)(a)
- s. 87(5) words substituted by S.I. 2010/866 Sch. 2 para. 55(6)
- s. 87(6) text amended by 2004 c. 34 Sch. 11 para. 1(b) Sch. 16
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- Blanket amendment words substituted by S.I. 2011/1043 art. 3 4
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Commencement Orders bringing legislation that affects this Act into force:
- S.I. 2005/558 art. 2 Sch. 1 commences (2004 c. 23)
- S.I. 2006/1060 art. 2 commences (2004 c. 34)
- S.I. 2006/1535 art. 2 commences (2004 c. 34)
- S.I. 2007/309 art. 2 Sch. commences (2006 c. 50)
- S.I. 2008/172 art. 2-9 commences (2007 c. 28)
- S.I. 2008/591 art. 2(d) commences (2007 c. 28)
- S.I. 2008/917 art. 2-5 commences (2007 c. 28)
- S.I. 2009/803 art. 1(2) 10 commences (2008 c. 17)
- S.I. 2009/3318 art. 2-4 commences (2009 c. 20)
- S.I. 2010/862 art. 2 art. 3 commences (2008 c. 17)
- S.I. 2011/1418 art. 2 commences (2010 c. 23)
- S.I. 2011/3019 art. 3 Sch. 1 commences (2011 c. 13)
- S.S.I. 2003/434 art. 2 commences (2001 asp 10)
- S.S.I. 2003/456 art. 2 commences (2000 asp 5)
- S.S.I. 2005/604 art. 2-4 commences (2004 c. 33)
[F287 Financial assistance with respect to formation, management, etc. of certain housing associations.E+W
[F3(1)The [F4Relevant Authority]may give financial assistance to any person to facilitate the proper performance of the functions of registered social landlords or co-operative housing associations.]
(2)Assistance under this section may be in the form of grants, loans, guarantees or incurring expenditure for the benefit of the person assisted or in such other way as the [F4Relevant Authority] considers appropriate, except that the may not, in giving any form of financial assistance [F5under this section], purchase loan or share capital in a company.
(3)With respect to financial assistance under this section, the following—
(a)the procedure to be followed in relation to applications for assistance,
(b)the circumstances in which assistance is or is not to be given,
(c)the method for calculating, and any limitations on, the amount of assistance, and
(d)the manner in which, and the time or times at which, assistance is to be given,
shall be such as may be specified by the [F4Relevant Authority], acting in accordance with such principles as it may from time to time determine.
(4)In giving assistance under this section, the may provide that the assistance is conditional upon compliance by the person to whom the assistance is given with such conditions as it may specify.
(5)Where assistance under this section is given in the form of a grant, subsections (1), (2) and (7) to (9) of section 52 of the Housing Act 1988 (recovery, etc. of grants) shall apply as they apply in relation to a grant to which that section applies, but with the substitution, for any reference in those subsections to the [F6registered] housing association to which the grant has been given, of a reference to the person to whom assistance is given under this section.
(6)Section 53 of the Housing Act 1988 (determinations under Part II) shall apply in relation to a determination under this section as it applies to a determination under sections 50 to 52 of that Act.]
Annotations:
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Extent Information
E1This version of this provision extends to England and Wales only; a separate version has been created for Scotland only
Amendments (Textual)
F2S. 87 beginning “The Corporation may give financial assistance” substituted (E.W.) for s. 87 beginning “The Corporation may make grants” by Local Government and Housing Act 1989 (c. 42 SIF 61), s.183
F3S. 87(1) substituted (1.10.1996) by 1996 c. 52, s. 55(1), Sch. 3 para. 7; S.I. 1996/2402 art. 3 (with transitional provisions and savings in Sch.)
F4Words in Pt. III (ss. 74-102) substituted (1.11.1998) by 1998 c. 38, s. 140, Sch. 16 para. 28(a) (with ss. 139(2), 143(2)); S.I. 1998/2244, art. 5
F5Words in s. 87(2) inserted (1.11.1998) by 1998 c. 38, s. 140, Sch. 16 para. 40 (with ss. 139(2), 143(2)); S.I. 1998/2244, art. 5
F6Word in s. 87(5) repealed (1.10.1996) by S.I. 1996/2325, art. 4(1), Sch. 1 Pt. I (with art. 4(2)(3))
[F787 Financial assistance with respect to formation, management, etc. of certain housing associations.S
(1)The [F8Relevant Authority] may give financial assistance to any person in respect of the following activities—
(a)promoting and giving advice on the formation of registered housing associations and co-operative housing associations (in this section referred to collectively as “relevant associations”);
(b)managing, providing services for, and giving advice on the running of, relevant associations; and
(c)assisting tenants and licensees of a relevant association to take part in the management of the association or of some or all of the dwellings provided by the association.
(2)Assistance under this section may be in the form of grants, loans, guarantees or incurring expenditure for the benefit of the person assisted or in such other way as the [F8Relevant Authority] considers appropriate, except that the Corporation may not, in giving any form of financial assistance [F9under this section], purchase loan or share capital in a company.
(3)With respect to financial assistance under this section, the following—
(a)the procedure to be followed in relation to applications for assistance,
(b)the circumstances in which assistance is or is not to be given,
(c)the method for calculating, and any limitations on, the amount of assistance, and
(d)the manner in which, and the time or times at which, assistance is to be given,
shall be such as may be specified by the [F8Relevant Authority], acting in accordance with such principles as it may from time to time determine.
(4)In giving assistance under this section, the Corporation may provide that the assistance is conditional upon compliance by the person to whom the assistance is given with such conditions as it may specify.
(5)Where assistance under this section is given in the form of a grant, subsections (1), (2) and (7) to (9) of section 52 of the Housing Act 1988 (recovery, etc. of grants) shall apply as they apply in relation to a grant to which that section applies, but with the substitution, for any reference in those subsections to the registered housing association to which the grant has been given, of a reference to the person to whom assistance is given under this section.
(6)Section 53 of the Housing Act 1988 (determinations under Part II) shall apply in relation to a determination under this section as it applies to a determination under sections 50 to 52 of that Act.]
Annotations:
Annotations are used to give authority for changes and other effects on the legislation you are viewing and to convey editorial information. They appear at the foot of the relevant provision or under the associated heading. Annotations are categorised by annotation type, such as F-notes for textual amendments and I-notes for commencement information (a full list can be found in the Editorial Practice Guide). Each annotation is identified by a sequential reference number. For F-notes, M-notes and X-notes, the number also appears in bold superscript at the relevant location in the text. All annotations contain links to the affecting legislation.
Extent Information
E2This version of this provision extends to Scotland only; a separate version has been created for England and Wales only
Amendments (Textual)
F7S. 87 beginning “The Corporation may give financial assistance” substituted for s. 87 beginning “The Corporation may make grants” by Local Government and Housing Act 1989 (c. 42 SIF 61), s.183
F8Words in Pt. III (ss. 74-102) substituted (1.11.1998) by 1998 c. 38, s. 140, Sch. 16 para. 28(a) (with ss. 139(2), 143(2)); S.I. 1998/2244, art. 5
F9Words in s. 87(2) inserted (1.11.1998) by 1998 c. 38, s. 140, Sch. 16 para. 40 (with ss. 139(2), 143(2)); S.I. 1998/2244, art. 5
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