19Financial assistanceE+W
(1)The HCA may, with the consent of the Secretary of State, give financial assistance to any person.
[F1(1A)But the HCA must not give financial assistance in contravention of a direction given by the Regulator of Social Housing under section 100G.]
(2)Financial assistance under this section may be given in any form.
(3)Financial assistance under this section may, in particular, be given by way of—
(a)grants,
(b)loans,
(c)guarantee or indemnity,
(d)investment, or
(e)incurring expenditure for the benefit of the person assisted.
(4)Financial assistance under this section may be given on such terms and conditions as the HCA considers appropriate (including provision for repayment, with or without interest).
(5)The objects of the HCA are not to be read as preventing the HCA from exercising functions in relation to financial assistance (whether under this section or otherwise) which—
(a)are transferred to the HCA from the Housing Corporation by virtue of this Act, or
(b)would supersede functions of the Housing Corporation,
in ways corresponding to those in which the Housing Corporation could have exercised its functions.
(6)See also sections 31 to 35 (further provision about certain types of financial assistance: social housing).
Textual Amendments
F1S. 19(1A) inserted (1.10.2018) by The Legislative Reform (Regulator of Social Housing) (England) Order 2018 (S.I. 2018/1040), art. 1(2), Sch. para. 4 (with Pt. 4)
Modifications etc. (not altering text)
C1S. 19: functions made exercisable concurrently (20.12.2023) by The York and North Yorkshire Combined Authority Order 2023 (S.I. 2023/1432), arts. 1(2), 7
Commencement Information
I1S. 19(1)-(4) in force at 1.12.2008 for specified purposes by S.I. 2008/3068, art. 2(1)(j) (with arts. 6-13)
I2S. 19(1)-(4) (6) in force at 1.4.2010 in so far as not already in force by S.I. 2010/862, art. 2 (with Sch.)
I3S. 19(5) in force at 1.12.2008 by S.I. 2008/3068, art. 2(1)(j) (with arts. 6-13)
I4S. 19(6) in force at 1.4.2010 by S.I. 2010/862, art. 2 (with Sch.)