As a consequence of the removal of the regulatory consents regime in April 2017, the Homes and Communities Agency (HCA), as investor has established arrangements to provide visibility of any changes affecting HCA grant-funded housing outside London.
From 6 April 2017, the Registered Provider and Unregistered Bodies Recovery of Grant Determinations 2017 make provision for a grant notifications procedure, which all providers who have a legal interest in grant-funded homes or land outside London must follow. All such providers, whether registered or unregistered, are required to notify the HCA of any relevant events that may give rise to the recovery of grant and any constitutional changes that may affect the legal ownership of their grant-funded homes. This is to make sure the HCA as investor is able to protect and oversee the use of historical grant.
All providers should consult the Recovery Determinations and the associated grant recovery chapters in the Capital Funding Guide for details of the relevant events covering Registered Providers and Unregistered Bodies and information of whether and when a notification needs to be submitted.
Some relevant events require notification to the Agency at least 14 days in advance of the forecast date of occurrence (e.g. open market disposals) and others (e.g. failure to use capital grant for the purpose for which it was paid) must be notified immediately.
All providers should notify the Agency as early as possible when considering future constitutional changes that may affect the legal ownership of their grant-funded homes. This will allow the Agency time to review whether the changes will affect the legal route to recovery and ensure any necessary legal forms are in place or grant is recovered before the changes take place.
Notification forms and guidance
There are separate forms (on this page above) depending on the notification type and provider status:
- Registered Providers Historical Grant Notifications
- Unregistered Bodies Historical Grant Notifications