http://www.legislation.gov.uk/uksi/1988/820/article/3/made

The Housing Defects (Expenditure Limits) Order 1988

Housing

King's Printer of Acts of Parliament

2017-04-28

HOUSING, ENGLAND AND WALES

Under Part XVI of the Housing Act 1985 (“the Act”) an owner of a defective dwelling (one in a class designated by the Secretary of State or a local housing authority) can, if the appropriate conditions are fulfilled, require the local housing authority either to give him a grant towards the reinstatement of the dwelling or to repurchase it from him at 95 per cent. of a“defect-free” value. The amount of reinstatement grant is the smaller of the following two amounts:—90 per cent. (or in the case of financial hardship, 100 per cent.) of the estimated or the actual expenditure incurred, orthe expenditure limit specified in the Order.