NAHP 2008-11 grant agreements, PPA and funding conditions

The Grant Agreement forms the basis of the contractual obligations for private sector partners awarded allocations in 2008-11.  Three forms of agreement are available covering those arrangements we envisage being the most frequent in the coming programme:

Agreed Transfer Grant Agreement - whereby a land owning developer builds out the homes and transfers ownership on completion to an identified RSL(s)

Retained Ownership Grant Agreement with Rentcharge - whereby a land owning developer will retain ownership of the homes upon completion, and put in place arrangements for their long term management.

ALMO Grant Agreement - this covers a similar scenario to the retained ownership version, but specifically tailored for ALMOs who will develop own and manage the properties in the long term.

The Programme Partnering Agreement (PPA) and Funding Conditions will apply, along with the requirements laid out in the Capital Funding Guide, to all RSL partners who receive allocations under the 2008-11 programme.  The Funding Conditions and Capital Funding guide cover the requirements which specialist RSLs who receive funding must adhere to.

Private sector partners should also ensure that they are familiar with the requirements of the Capital Funding Guide.

The Capital Funding Guide will be updated in April 2008 to reflect 2008-11 PPA and Funding Conditions.