With prior agreement from NIHE, part or parts of the completed dwellings that have been taken into Association possession, the Association may submit a grant claim to the NIHE. Only those parts that the Association has taken possession off will receive grant.
This facility is only available with the prior agreement of the NIHE (DPG). It is available, by exception, in medium to large schemes where the dwellings will be completed and handed over to the Association in a number of phases.
When part or parts of the completed dwellings have been taken into Association possession, or within 30 days thereof, the Association may submit a grant claim to the NIHE (DPG). Grant must only be claimed on those completed units which the Association has taken into its possession. [Note: In contractual terms this is known as ‘Partial Possession by Employer’]. See Table 6: OTS – Phased Possession Acquisition - Band 2.
Grant must be claimed based on a ‘sub-phase’ of the approved scheme, as follows:
Grant Rate Type (Line 2 – SFN1 Form)
Number of Units Completed x Adjusted TCI per Unit/ Person x Unit Grant Rate x Scheme Cost Index x Acquisition Tranche Percentage
Recoverable costs post practical completion
- Where, following a final grant claim, the Association is able to recover costs as the result of a claim by or against a third party, that proportion of the costs represented by the grant rate for the scheme must be forwarded to NIHE (DPG).
- If the actual purchase price is lower than the valuation figure, where the scheme approval was based on the latter amount, an overpayment of HAG will have occurred and will be recoverable from the Association.