9.—(1) A new town corporation shall give effect to their proposals under regulation 3 by disposing of the dwellings (including dwellings which have ceased to be retained dwellings) and relevant property, subject to section 172(4) of the 1989 Act, and to the agreement of the relevant transferee to the terms of the transfer, either by transferring them to the authority, or to one or more approved persons or to the authority and one or more approved persons.
(2) Prior to reaching agreement with a particular transferee in relation to any dwellings, the corporation shall consult the tenants of the dwellings and, where a hostel is occupied by licensees under licences granted otherwise than by the corporation, so far as is reasonably practicable those licensees, and shall take into account their views regarding the identity of the transferees.