# Housing Act 1985, Section 422: Calculation of housing subsidy for local housing authorities.

Extent: E+W

(1) The amount of the housing subsidy payable to a development corporation for a year (the year of account) shall be calculated from the amounts which, in accordance with sections 423 to 425, are the corporation’s—
(a) base amount (BA),
(b) housing costs differential (HCD), and
(c) local contribution differential (LCD),
for the year, and shall be so calculated by using the formula BA+HCD-LCD.
(2) If the amount so calculated is nil or a negative amount, no housing subsidy is payable to the corporation for that year.

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Source: https://www.legislation.gov.uk/ukpga/1985/68/section/422 (the official version)
Page: https://openlegislation.uk/housing-act-1985/section-422
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.