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SCHEDULES

SCHEDULE 4Reducing social housing regulation

PART 3Abolition of disposal proceeds fund

34(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”.