New Supply Shared Equity administrative procedures

Footnotes

1. The grant provider means the Scottish Ministers or a local authority, whichever has responsibility for managing development funding in an individual local authority area. Where however the grant provider is the local authority the registered social landlord will still have various obligations to the Scottish Ministers including payment of all sums received under the Shared Equity Agreement.

2. Registered social landlords will be notified of any future amendments to the structure of the Housing, Regeneration, and Welfare Directorate.

3. A 'pressured market' is an area where demand for housing outstrips supply, pushing prices beyond an affordable level for large numbers of people. These areas are identified in local authority Local Housing Strategies. They should not be restricted to 'pressured market area' status for the purposes of Right to Buy.

4. The City of Edinburgh Council is the grant provider for projects in Edinburgh. Authorised officials of the Scottish Government Housing and Regeneration Directorate must however sign EVERY Minute of Agreement and Ranking Agreement on behalf of the Scottish Ministers.

5. Glasgow City Council is the grant provider for projects in Glasgow. Authorised officials of the Scottish Government Housing and Regeneration Directorate must however sign EVERY Minute of Agreement and Ranking Agreement on behalf of the Scottish Ministers.

6. These are illustrative figures and may vary from time to time.