This concept is no longer relevant, with grant levels for schemes set through competitive bidding rather than a formula. Discount on land from the private sector (arising from a local authority imposing a planning obligation enforced through a Section 106 Agreement) although Homes England expects that Section 106 schemes will be delivered at nil grant as set out in its AHP 2021 to 2026 funding guidance.ġ.4.1 Previously the Capital Funding Guide (CFG) has drawn a distinction between deductible and non-deductible other public subsidy with deductible other public subsidy reducing entitlement to grant.Discount on land from the public sector.Other public subsidy - for example, gap funding grant from a local authority.Recycled Capital Grant Fund - where permitted, see the Grant Recovery chapter.Long-term loan from a bank/building society/other (a mortgage, the bond market or other borrowing facilities).1.3 Other sources of fundingġ.3.1 Social Housing Assistance/Social Housing Grant can be combined with other sources of funding, including: Please see the Regulator of Social Housing’s Disposal Proceeds Fund guidance for details. These details can be found in the Right to Acquire and Social HomeBuy chapters of this Guide.ġ.2.4 Financial Assistance paid in respect of Right to Acquire and Social HomeBuy discounts will be subject to the rules of the Disposal Proceeds Fund. Any other terms and conditions on which such a grant is given.The manner in which, and time or times at which, grant is to be paid.The method for calculating, and any limitation on, the amount of grant.The procedure to be followed in relation to applications for grant.Section 35 of the Housing and Regeneration Act 2008 requires Homes England to specify: Please refer to the guidance for further information. 1.2 Contextġ.2.1 Use of Social Housing Assistance / Social Housing Grant is governed by Homes England terms and conditions, and principles as described in the Programme Management chapter (section 1.4) and relevant clauses in the Affordable Homes Grant Agreement.ġ.2.2 Grant Recovery is governed by the Recovery of Capital Grants and Recycled Capital Grant Fund General Determination 2017 and / or clauses in the relevant Affordable Homes Grant Agreement for the programme period.ġ.2.3 The use of grants paid in respect of Right to Acquire and Social HomeBuy is governed by statute. You can sign up for email updates from Homes England. However, Homes England is working through the operational parameters of the AHP 2021 to 2026 and further details will be provided once these have been agreed. Administered in line with the correct proceduresġ.1.2 It is anticipated that this guidance will also apply to homes funded through the Affordable Homes Programme ( AHP) 2021 to 2026.Used correctly and in accordance with general fiscal legislation.1.1.1 This chapter sets out the conditions and procedural requirements which aim to ensure that public subsidy is:
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