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 by virtue of a person exercising the right to acquire conferred by section 180.
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The amount of the grant given by virtue of subsection (1) 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.
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.
The HCA must specify—
In this section—
"dwelling" has the same meaning as in Part 2,
"private 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—
(a)a private registered provider of social housing, or
(b)a registered social landlord,
"tenant" has the same meaning as in Part 2.