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Freeing housing associations: Better financing, more homes
Posted on: 12 November 2014
By: mackene
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Filed under: News
Housing associations are being stifled by unnecessary red tape that prevents them from building 100,000 new homes a year, according to a new report from the Policy Exchange. England’s 1,500 housing associations are currently bound by multiple rules and regulations which prevent them from choosing their own social tenants. Under a radical new plan proposed in the paper, housing associations could “opt-out” of their historical government grant which binds them to these rules. A new category of what the report calls ‘Free Housing Associations’, would buy out their historical grant from the government at a discounted cost in return for the removal of regulatory restrictions.
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