25. (1) A person shall be eligible to apply under section 27 for registration as an AHB if the person meets the criteria (in this Act referred to as the “eligibility criteria”) in subsection (2).

(2) The eligibility criteria are that the person—

(a) is—

(i) a company, with at least 5 directors, that is—

(I) a company limited by guarantee within the meaning of Part 18 of the Act of 2014, or

(II) a designated activity company falling within paragraph (b) of the definition of “designated activity company” in section 963 of the Act of 2014,

(ii) a registered society,

(iii) a friendly society within the meaning of the Friendly Societies Acts 1896 to 2018, or

(iv) a charitable trust, with at least 5 trustees, that is a registered charitable organisation,

and

(b) includes in its constitution—

(i) either or both of the following as its primary object or primary objects:

(I) the provision of dwellings for the purpose of the alleviation of housing need;

(II) the management of dwellings provided for the purpose of the alleviation of housing need, whether or not it provides those dwellings,

and

(ii) provisions—

(I) prohibiting the distribution of any surplus, profit, bonus or dividend to members or directors or other persons, and

(II) requiring that all of its property (both real and personal) be applied solely in furtherance of its primary object or primary objects specified in subparagraph (i), except for moneys expended in the operation and maintenance of the person, including moneys paid in remuneration and superannuation of members of its staff.

(3) F4[…]