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GlossaryAHBApproved Housing Bodies (AHB) provide and managesocial rented housing. They are also known as HousingAssociations and include Co-operatives.They are not for profit organisations formed for thepurpose of managing and providing homes for thosein housing need. Tenants are mainly sourced from theRecord of Qualified Households (the Social Housing List)which is managed by housing authorities.Under Section 6 of the Housing (MiscellaneousProvisions) Act, 1992, bodies must obtain ‘approvedstatus’ from the Department of Environment,Community and Local Government. Homes areprovided at affordable rents to tenants.AHB Tier ClassificationRegulatory standards apply to all AHBs, but varydepending on the size, scale and the level of financialrisk associated with the development plans of anindividual AHB. A classification system has beendesigned to reflect this.Tier 1Tier 2Tier 30-50 units with no development plansor development plans that keep thetotal under 50 units.50-300 units or development plans thatkeep the total under 300 units, or theuse of loan finance for development.>300 units or sizeable developmentplans, including the use of loan financefor development.CALF FundingA capital advance loan made available from the DECLGvia Local Authorities to AHBs to assist AHBs accessingfinance from financial institutions. It is not repayable untilthe end of the term with a nominal interest rate accrued.CAS FundingCapital Assistance Scheme provides up to 100%capital grant funding to AHBs for provision of housingfor people with specific categories of need. It is providedby way of mortgage and is only repayable if conditionsof the grant provision are not adhered to.Cash from OperationsThis is the Net Income as per the income andexpenditure account but adjusted for non-cash items.(I.e. net income + depreciation – amortisation +decrease in current assets & increase in currentliabilities – increase in current assets & decreasein current liabilities).Capitalised repairsImprovements to existing housing properties thatincrease the value or extend the life beyond thatoriginally envisaged and have been added tothe costs of the assets.CLSS FundingCapital Loan and Subsidy Scheme provided 100% capitalgrant funding to AHBs to enable them to provide socialhousing for eligible families (no longer available). Itwas provided by way of mortgage and is repayable ifconditions of the grant provision are not adhered to.The CodeRegulation of the sector is based on the VoluntaryRegulatory Code for Approved Housing Bodies –‘Building for the Future’, launched in July 2013. It formsthe foundation of the Regulatory Framework for AHBsand sets out the key principles that will apply to all AHBsdepending on the size, scope and risk level of AHBs.DECLGDepartment of Environment, Community andLocal GovernmentThe Financial Standard and Assessment Frameworkxli