# Housing Associations Act 1985, Section 79: Lending powers.

Extent: E+W+S

(1) The Welsh Ministers may lend to a registered social landlord or an unregistered self-build society... for the purpose of enabling the body to meet the whole or part of expenditure incurred or to be incurred by it in carrying out its objects.
(2) The Welsh Ministers may lend to an individual for the purpose of enabling him to acquire from—
(a) the Welsh Ministers, or
(b) a registered social landlord or an unregistered self-build society,
a legal estate or interest in a dwelling which he intends to occupy.
(3) A loan under this section may be by way of temporary loan or otherwise, and the terms of a loan made under subsection (1) may include (though the terms of a loan made under subsection (2) may not) terms for preventing repayment of the loan or part of it before a specified date without the consent of the Welsh Ministers.
(4) Subject to that, the terms of a loan under this section shall be such as the Welsh Ministers determine either generally or in a particular case.

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Source: https://www.legislation.gov.uk/ukpga/1985/69/section/79 (the official version)
Page: https://openlegislation.uk/housing-associations-act-1985/section-79
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.