Decision by the social housing regulator about private registered providers’ disposal proceeds funds.
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Private registered providers of social housing are required by Section 177 (1) of the Housing and Regeneration Act 2008 (the 2008 Act) to show the net proceeds of certain types of disposal, payments of grant and repayments of discount (together referred to in this document as Net Disposal Proceeds) separately in their accounts as a Disposal Proceeds Fund (DPF). They must then use or allocate the sums in the DPF only as directed by the regulator.
This decision comes into force on 1 April 2015.