# The New Towns (Transfer of Housing Stock) Regulations 1990, Note: Explanatory note


(This note is not part of the Regulations)
These Regulations make provision under section 172 of the Local Government and Housing Act 1989 for the transfer of new town housing stock.
Part I contains general provisions. Under regulation 3, new town corporations may be required by the Secretary of State to make proposals for the disposal of their housing stock. Certain dwellings shall be retained and, under regulation 4, only transferred when they cease to satisfy the requirements for retention. Under regulation 5, persons may be approved by the Housing Corporation as potential acquirers. Regulation 6 makes provision regarding the price at which property is to be transferred. Regulation 7 contains land registration requirements.
Part II (consisting of regulations 8 and 9) relates to the transfer of stock which consists of hostels, cases in which the whole of the stock, excluding hostels and retained dwellings, is less than 100 dwellings, and property transferred separately from any dwellings.
Part III relates to the transfer of other housing stock. Regulation 11 provides for the new town corporation to offer dwellings to the district council and approved persons. Regulation 12 provides for the transfer of stock which both the council and an approved person wish to acquire, following consultation with tenants under regulation 13. Regulation 14 provides for the transfer to the district council of dwellings in respect of which approved persons do not indicate a willingness to acquire. If the district council does not indicate under these Regulations that it wishes to acquire, dwellings will be transferred to approved persons under regulation 15 or 16. Regulation 17 provides for valuations.

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Source: https://www.legislation.gov.uk/uksi/1990/1700/note (the official version)
Page: https://openlegislation.uk/new-towns-transfer-of-housing-stock-regulations-1990/note
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.