The Government was elected on a commitment to extend the ‘right to buy’ to housing association tenants and to fund this through the sale of high value council homes. In its July 2015 budget it also announced new policies for social rents including 1% annual reductions and market rents for tenants with high incomes.
These ‘reforms’ will have a significant effect on the business plans of both housing associations and local authorities. In particular there is concern about the continued ability of housing associations and local authorities to develop new homes – and even some concern about their continued viability. There is therefore a need for those involved in managing the finances of housing associations and local authority housing services to understand the inter-relationship between these policies.
This book examines the government’s proposals in detail and considers all the implications for housing associations and local authorities and the options available for managing those implications. It addresses the following issues:
Extension of ‘Right to Buy’ to Housing Associations
Sale of High Value Council Homes
Reductions in Social Rents and Market Rents for tenants with high incomes
The cumulative impact of these changes on Housing Association and Local Authority Housing Business Plans
This book will be of interest to all those with an interest in housing association or local authority housing in England, including Managers in Housing Associations, Local Authorities and Arm’s Length Management Organisations, Councillors, Housing Association and ALMO Board Members, Housing Accountants and Tenant Representatives.
