Re-Provision of Social Housing Sample Clauses

Re-Provision of Social Housing. Each quarter the authority will report to the CLG the cumulative sum it has retained for replacement stock and the cumulative amount it has spent on replacement stock. The authority need only show that it has incurred a sufficient amount of expenditure towards the provision of social housing, it does not necessarily have to have completed the provision of the housing itself. The re-provision of social housing could encompass newly built council homes, newly acquired council homes (i.e. existing homes bought on the open market) or social housing provided through local authority grants to housing associations. However, in order to ensure that the retention of RTB receipts results in the provision of genuinely new social housing, any expenditure incurred on the acquisition of existing social housing is excluded.
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