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(1)The primary objects of a housing action trust in relation to the designated area for which it is established shall be—
(a)to secure the repair or improvement of housing accommodation for the time being held by the trust;
(b)to secure the proper and effective management and use of that housing accommodation;
(c)to encourage diversity in the interests by virtue of which housing accommodation in the area is occupied and, in the case of accommodation which is occupied under tenancies, diversity in the identity of the landlords; and
(d)generally to secure or facilitate the improvement of living conditions in the area and the social conditions and general environment of the area.
(2)Without prejudice to subsection (1) above, a housing action trust may—
(a)provide and maintain housing accommodation; and
(b)facilitate the provision of shops, advice centres and other facilities for the benefit of the community or communities who live in the designated area.
(3)For the purpose of achieving its objects and exercising the powers conferred on it by subsection (2) above, a housing action trust may—
(a)acquire, hold, manage, reclaim and dispose of land and other property;
(b)carry out building and other operations;
(c)seek to ensure the provision of water, electricity, gas, sewerage and other services; and
(d)carry on any business or undertaking;
and may generally do anything necessary or expedient for the purposes of those objects and powers or for purposes incidental thereto.
(4)For the avoidance of doubt it is hereby declared that subsection (3) above relates only to the capacity of a housing action trust as a statutory corporation; and nothing in this section authorises such a trust to disregard any enactment or rule of law.
(5)Section 71 of the [1976 c. 74.] Race Relations Act 1976 (local authorities: general statutory duty) shall apply to a housing action trust as it applies to a local authority.
(6)A transaction between any person and a housing action trust shall not be invalidated by reason of any failure by the trust to observe the objects in subsection (1) above or the requirement that the trust shall exercise the powers conferred by subsections (2) and (3) above for the purpose referred to in that subsection.
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