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(1)The Corporation may make grants to registered housing associations and other voluntary organisations towards expenses incurred by them—
(a)in encouraging and giving advice on the formation of housing associations which would be eligible for registration under Part I, and
(b)in providing services for, and giving advice on the running of, registered housing associations.
(2)Any such grant may be made subject to such conditions as the Corporation may determine.
(3)The exercise of the Corporation's powers under subsection (1) or (2) requires the consent of the Secretary of State and the Treasury.
(4)In this section " voluntary organisation " means an organisation whose activities are not carried on for profit.
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