Part 1The Homes and Communities Agency

Chapter 4Other functions of the HCA

Social housing

I135Duty to give financial assistance in respect of certain disposals

1

The HCA must exercise its powers under section 19 to give financial assistance by way of grant to a relevant provider of social housing in respect of any discount given by the provider—

a

to a person exercising the right to acquire conferred by section 180, or

b

on a disposal of a dwelling in England by the provider to a qualifying tenant otherwise than in pursuance of the right conferred by that section.

2

In subsection (1)(b) “qualifying tenant” means a tenant who was entitled to exercise the right to acquire conferred by section 180, or by section 16 of the Housing Act 1996 (c. 52), in relation to a dwelling of the relevant provider of social housing other than the dwelling being disposed of by the provider.

3

The amount of the grant given by virtue of subsection (1)(a) to a relevant provider of social housing for any year is to be the aggregate value of the discounts given by that provider in that year.

4

The amount of the grant given by virtue of subsection (1)(b) to a relevant provider of social housing must not exceed the amount of the discount to which the tenant would have been entitled in respect of the other dwelling.

5

The HCA must specify—

a

the procedure to be followed in relation to applications for a grant by virtue of this section,

b

in the case of a grant by virtue of subsection (1)(b), the method for calculating, and any other limitations on, the amount of the grant,

c

the manner in which, and time or times at which, a grant by virtue of this section is to be paid,

d

any other terms or conditions on which such a grant is given.

6

In this section—

  • “dwelling” has the same meaning as in Part 2,

  • “F1private registered provider of social housing” includes a person falling within section 180(3),

  • “registered social landlord” has the same meaning as in Part 1 of the Housing Act 1996,

  • “relevant provider of social housing” means—

    1. a

      a F2private registered provider of social housing, or

    2. b

      a registered social landlord,

  • “tenant” has the same meaning as in Part 2.