20. (1) The following moneys received by a housing authority shall be accounted for by the housing authority in a separate account which identifies the moneys as having been so received:

(a) redemption payments under section 16(1);

(b) payments to the housing authority of sums representing the monetary value of the affordable dwelling equity under section 17(9);

(c) the remaining balance of the affordable dwelling equity recovered by the housing authority from the homeowner as a simple contract debt under section 17(10);

(d) moneys applied by the housing authority towards the discharge of the affordable dwelling equity, and the balance of the affordable dwelling equity recovered by the housing authority from the homeowner as a simple contract debt, under section 17(11)(c);

(e) moneys applied by the housing authority in discharge of the affordable dwelling equity under section 19(16)(c);

(f) the balance of the affordable dwelling equity recovered by the housing authority from the homeowner as a simple contract debt under section 19(18).

(2) Moneys referred to in subsection (1) shall be used by a housing authority for all or any of the following purposes:

(a) the provision of dwellings under section 6 ;

(b) the provision of financial assistance under section 8 ;

(c) the provision of or facilitating the provision by it of cost rental dwellings within the meaning of Part 3 under and in accordance with that Part.