The PDF files that make up the November 2004 revision of the Capital Funding Guide are attached to this document as follows.

The latest version of the Capital Funding Guide can always be found at http://www.housingcorp.gov.uk/resources/cfg.htm. The previous (October 2004) revision can be found here.

Sections of the Guide

INDEX
Index to the contents of the Capital Funding Guide (INDEX.pdf, 99KB)

GENERAL
General points applicable to Social Housing Grant (SHG) funding through the Housing Corporation and local authorities (GENERAL.pdf, 242KB)

REC
Capital Grant Recycling and Recovery (REC.pdf, 204KB)

RSF
Rent Surplus Fund Reinvestment Fund money (RSF.pdf, 24KB)

DPF
Disposal Proceeds Fund money (DPF.pdf, 49KB)

RENT
Permanent rented housing that is new build, rehabilitation and re-improvement (RENT.pdf, 89KB)

REPAIR
Major Repairs and Miscellaneous Works, including adaptations (REPAIR.pdf, 86KB)

TSH
Temporary Social Housing (TSH.pdf, 86KB)

SALE
Shared Ownership, Shared Ownership for the Elderly, Rural Repurchase and rehabilitation for Outright Sale (SALE.pdf, 132KB)

HOMEBUY
Homebuy (HOMEBUY.pdf, 114KB)

VPG
Voluntary Purchase Grant (VPG.pdf, 63KB)

RTA
Right to Acquire (RTA.pdf, 73KB)

CF
Challenge Fund (CF.pdf, 71KB)

PP
Partnering Programme Approach (PP.pdf, 91KB)

KP
Key worker living programme (KWL.pdf, 107KB)

Summary of major changes

1 November 2004

Homebuy and Key Worker Living
The list of eligible properties for both traditional and Key Worker Living Homebuy has been expanded and now includes:

• A home the applicant is currently renting from a private landlord provided it is self-contained and the landlord is not resident;
• A property owned or part-owned by a family member (except spouse/ partner) or business associate provided an independent valuation is obtained from a RICS surveyor appointed by the RSL;
• An estranged spouse or partner's share in a formerly shared home can be bought out following a relationship breakdown where the disposal is required/ supported by a court order or legal settlement after a court order;
• A 'second' property can be purchased even though the applicant has an on-going interest in a 'marital home' but only in circumstances where the property cannot be sold because the estranged spouse/partner is allowed by the court to remain there whilst bringing up dependent children.

Guidance in respect of further borrowing at Homebuy 6 has been clarified.

8 October 2004

The Key Worker Living chapter (KWL.pdf) has been revised to update the Key Worker Shared Ownership Flat lease.

1 October 2004

Key Worker Living Programme
The Shared Ownership and Intermediate Rent sections of this chapter are now available. Also included are samples of both house and flat leases for use with the keyworker living programme. Please note these leases do not apply to traditional shared ownership programme.

Paragraph 9.2 of KWL-2 has been corrected to show that the Corporation is not expecting to recover Homebuy surpluses from the 2004/5 and 2005/6 programmes.

General
GENERAL-1 para 5.10 has been expanded to include reference to the Corporation's new Regeneration