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Capital Funding Guide

From
Homes and Communities Agency
Updated
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20. Miscellaneous

The pages in this chapter contain information relevant to the delivery of the 2015 to 18 Affordable Housing Programme, that are not specific to any product or chapter. Included are further details on compliance audit and staircasing allowances.

1. Overview

1.1 Purpose

This chapter contains information relevant to the delivery of the 2015 to 2018 Affordable Homes Programme that is not of specific relevance to any product or chapter. Also included are further details on compliance audit and staircasing allowances.

2. Administrative allowances 2015 to 2018

2.1 Purpose

2.1.1 When disposing of property under shared ownership (including New Build HomeBuy); Social HomeBuy or other Voluntary or Statutory schemes Registered Providers may deduct the following administrative allowances when calculating sums to be credited to the Recycled Capital Grant Fund or Disposal Proceeds Fund.

2.1.2 Further guidance on calculating sums to be credited to the Recycled Capital Grant Fund or Disposal Proceeds Fund can be found in the Grant Recovery chapter, or the Regulator’s guidance on the Disposal Proceeds Fund.

2.2 Value of administrative allowances

2.2.1 Property disposal deductible administrative allowances

  • Staircasing sales £449
  • Right to Buy sales £701
  • Right to Buy sales (flat) £1,576
  • Voluntary and Statutory Purchase Grants (house) e.g. Right to Acquire and Social HomeBuy £701
  • Voluntary and Statutory Purchase Grants (flat) e.g. Right to Acquire and Social HomeBuy £1,576

2.2.2 Administrative allowances also existed during the 2006 to 2008 Approved Development Programme, the 2008 to 2011 National Affordable Homes Programme and the 2011 to 2015 Affordable Homes Programme; the amounts were the same as those shown above.