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Contents
1.1 Purpose
1.2 Context
2.1 General
2.2 The Relevant Events
2.3 Repayment & Recycling Timetables
2.4 Interest Chargeable on Delayed Notification or Repayment
3.1 General
3.2 Deemed Loan Debt
3.3 Outright Sale
3.4 Sale under compulsory purchase orders
3.5 Shared Ownership: Voluntary sale of rented property
3.6 Shared Ownership: Sale of a Repurchased Property
3.7 Shared ownership: staircasing sales
3.8 Shared Ownership: Repossessions
3.9 Equity Loan redemptions
3.10 Right To Buy
3.11 Right To Buy: Loans
3.12 Repayment of Right to Buy Discount
3.13 Voluntary sales to tenants not on Right to Buy terms
3.14 New Build Homebuy (pre-April 2006)
3.15 Disposal of undeveloped land
3.16 Co-ownership equity sharing sales
3.17 Change to non-social housing use
3.18 Temporary change of use with permission
3.19 Change from supported housing to general needs use
3.20 Change of use from Temporary Social Housing, Temporary Market Rent Housing, Short Life and ‘HAMA PLUS’
3.21 Cessation of use of land or property: Void properties
3.22 Demolition
3.23 Change of Ownership
4.1 Apportionment of Grant Between Properties
4.2 Apportionment of Grant : Shared Ownership Properties
4.3 Initial Sales of existing rented stock into shared ownership
4.4 Shared ownership staircasing sales
4.5 Leasehold Schemes for the Elderly (LSE), Rural Restricted Equity, and Rural Buyback.
4.6 Apportioning Grant on Land
- Recycled Capital Grant Fund (RCGF)
5.1 General
5.2 Process for Crediting the Recycled Capital Grant Fund
5.3 Administering the Recycled Capital Grant Fund
5.4 Accounting Arrangements for the Recycled Capital Grant Fund
5.5 Addition of Notional Interest
5.6 Repayment of RCGF
5.7 How to identify "three year Grant"
5.8 Collection process
5.9 Transferring Balances Between RSLs
6.1 General
6.2 Restrictions on Permitted Uses
6.3 Expenditure From the Recycled Capital Grant Fund
6.4 Housing Needs – Locality & Priority
6.5 Combining RCGF with SHG, Disposal Proceeds Fund and Other Finance
6.6 Flexible Tenure Through the Recycled Capital Grant Fund
6.7 Management and Maintenance of New Units Produced from the Recycled Capital Grant Fund
7.1 General
7.2 Annual Returns
7.3 Role of the External Auditor