Regulation 14 Use of capital receipts

In regulation 23 of the Principal Regulations (use of capital receipts)—

(a)

at the end of sub-paragraph (f), there shall be inserted “; or”; and

(b)

at the end, there shall be added—

“(g)

where the capital receipts are derived from a Social HomeBuy disposal—

(i)

to make contributions towards the costs of the provision of affordable housing by any of the ways specified in paragraphs (i) to (vi) of regulation 16B(1)(a); or

(ii)

to incur expenditure by any of the ways specified in paragraphs (i) to (iv) of regulation 16B(1)(b).”.