395.Section 176 inserts section 193(2)(ga) and section 197(2)(d) into the Housing and Regeneration Act 2008.
396.New section 193(2)(ga) will give the regulator of social housing the power to set a standard for registered providers in respect of assisting tenants with regard to mutual exchanges.
397.New section 197(2)(d) will give the Secretary of State power to direct the regulator to set a standard under section 193 of the Housing and Regeneration Act 2008 Act, or about the content of standards under section 193, or to have regard to specified objectives when setting standards under section 193 or 194, where the direction relates in the Secretary of State’s opinion to methods of assisting tenants to exchange tenancies.
398.Section 177 enables tenants who are shareholders of their landlord organisation to benefit from payments which assist tenants to move out of their social rented property into owner occupation of another dwelling.