18Social housing grants
(1)The Corporation may make grants to registered social landlords in respect of expenditure incurred or to be incurred by them in connection with their housing activities.
(2)The Corporation, acting in accordance with such principles as it may from time to time determine, shall specify in relation to grants under this section—
(a)the procedure to be followed in relation to applications for grant,
(b)the circumstances in which grant is or is not to be payable,
(c)the method for calculating, and any limitations on, the amount of grant, and
(d)the manner in which, and time or times at which, grant is to be paid.
(3)In making a grant under this section, the Corporation may provide that the grant is conditional on compliance by the landlord with such conditions as the Corporation may specify.
(4)The Corporation may, with the agreement of a local housing authority, appoint the authority to act as its agent in connection with the assessment and payment of grant under this section.
(5)The appointment shall be on such terms as the Corporation may, with the approval of the Secretary of State given with the consent of the Treasury, specify; and the authority shall act in accordance with those terms.
(6)Where—
(a)a grant under this section is payable to a registered social landlord, and
(b)at any time property to which the grant relates becomes vested in, or is leased for a term of years to, or reverts to, another registered social landlord, or trustees for another such landlord,
this section (including this subsection) shall have effect after that time as if the grant, or such proportion of it as is specified or determined under subsection (7), were payable to the other landlord.
(7)The proportion mentioned in subsection (6) is that which, in the circumstances of the particular case—
(a)the Corporation, acting in accordance with such principles as it may from time to time determine, may specify as being appropriate, or
(b)the Corporation may determine to be appropriate.
(8)Where one of the landlords mentioned in subsection (6) is registered by the Housing Corporation and another is registered by Housing for Wales, the determination mentioned in subsection (7) shall be such as shall be agreed between the two Corporations.