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44.—(1) The Executive may approve an application for a renovation grant if it thinks fit, subject to the following provisions.
(2) The Executive shall not approve an application for a renovation grant unless it is satisfied that the works are necessary for one or more of the purposes set out in Article 43(1) or (2).
(3) Where the Executive entertains an owner’s application for a renovation grant made by a person who proposes to acquire a qualifying owner’s interest, it shall not approve the application until it is satisfied that he has done so.
(4) Where the Executive proposes to approve an application for a renovation grant, it shall consider whether the premises to which the application relates are fit for human habitation.
(5) If it appears to the Executive that the premises are not fit for human habitation, the Executive shall not approve the application unless it is satisfied—
(a)that on completion of the relevant works, together with any other works proposed to be carried out, the premises will be fit for human habitation;
(b)that there are satisfactory financial and other arrangements for carrying out those works, and
(c)that the carrying out of the works is the most satisfactory course of action.
(6) In considering whether to approve an application for a renovation grant the Executive shall have regard to the expected life of the building (taking account, where appropriate, of the effect of carrying out the works).
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