Delegates for for-profit providers
Nearly two in three delegates polled at the Chartered Institute of Housing annual conference believe for-profit providers will help the sector meet housing need.
Delegates at the CIH conference in Manchester were asked a number of questions in a snap poll at a session yesterday looking at the future of regulation.
The audience was asked whether they thought the introduction of for-profit providers into the social housing sector would benefit its ability to meet housing need. More than half of delegates (51 per cent) said they agreed with the statement, with 10 per cent strongly agreeing. Only 21 per cent said they disagreed or strongly disagreed with the statement.
A total of 82 per cent of respondents said they thought their organisation had the knowledge and capacity to manage risks to their business.
Earlier in the session Julian Ashby, the chair of the Homes and Communities Agency regulation committee, warned about risks posed to housing providers by the new low grant subsidy model, the unavailability of long-term bank finance and uncertainties around future government spending.
Mr Ashby also said welfare reform was a risk with a ‘triple whammy effect’.
He said: ‘It makes the receipt of rental income less certain, it increases transaction and collection costs and is already having an impact on borrowing margins.
‘Astonishingly, from our perspective, there are still associations that do not have this on their risk maps and have yet to work out how they are to manage that risk.’