Part II

Housing Association Finance

Arrangements with local authorities

Powers of local authorities to promote and assist housing associations: England and Wales.
58
1
A local authority may promote the formation or extension of a housing association.
2
A local authority may for the assistance of a housing association subscribe for share or loan capital of the association.
3
A local authority may make a loan to an unregistered self-build society for the purpose of enabling it to meet the whole or part of the expenditure incurred, or to be incurred by it, in carrying out its objects.
4
This section does not apply where the housing association is—
a
a private registered provider of social housing, or
b
a registered social landlord (for which corresponding provision is made by section 22 of the Housing Act 1996).
S. 58 substituted (1.10.1996) by S.I. 1996/2325, art. 5(1), Sch. 2 para. 15(22)
S. 58 excluded (1.10.1996) by 1985 c. 69, s. 58(4) (as substituted by S.I. 1996/2325, art. 5(1), Sch. 2 para. 15(22))
Pt. II (ss. 41–73) excluded (S.) by Housing (Scotland) Act 1987 (c. 26, SIF 61), ss. 199, 335, Sch. 12 para. 1(7)
Pt. II (ss. 41–73): power to apply certain functions conferred (E.W.) by Housing Act 1988 (c. 50, SIF 61), s. 65(2)(b)(4)
Words in s. 58(4) inserted (1.4.2010) by The Housing and Regeneration Act 2008 (Consequential Provisions) Order 2010 (S.I. 2010/866), art. 1(2), Sch. 2 para. 42 (with art. 6, Sch. 3)