Tuesday, 03 March 2015

New regulator takes ‘holistic’ approach

The new social housing regulator has unveiled its approach to regulation.

The Homes and Communities Agency published its Regulating the standards document today, which provides detail on how it will operate.
The regulator says it will work to understand landlords’ business models from a wide evidence base to identify those likely to fail, rather than focusing on governance and viability separately.

It will still publish separate verdicts on governance and viability in its regulatory judgements, but the regulator will now ask eight questions relating to topics including individual landlords’ strategies, financial plans and leadership.

Matthew Bailes, director of regulation at the HCA, said: ‘The evidence will not fit into boxes marked governance, viability and value for money.’

He added that the social housing sector will get more complex and landlords need to understand the risks.

The document says the regulator will review how it will regulate for-profit landlords and this could lead to changes to the framework. Mr Bailes said it will also look at how it can regulate real estate investment trusts as part of this.

John Bryant, policy leader at the National Housing Federation, welcomed the HCA’s holistic approach.

Readers' comments (9)

  • Rick Campbell

    I am not convinced -- but it's early days yet.

    Surely they cannot be worse than the former TSA?

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  • Usual Suspect

    A paper tiger made out of straw. see that doesent fit into boxes either !!

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  • Rick Campbell

    Some paper is only fit to be used for lavatorial purposes.

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  • Junior Friday

    Where do the Tenants go????

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  • Tennants go the same way as the paper for lavatorial purposes. The way the Conservatives treat Social Tenants.

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  • I think England should look closely at the new Wales social housing regulations. As a member of the Tenants Advisory Panel to the regulator board I can assure all they are working even though it is early days. RSLs are slowly bur surely coming on board and the self assessment process is gaining ground and being accepted.

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  • No mention of the regulation of the way HAs treat their tenants I note !!!!

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  • Bank Ells-Bells

    I thought all the HAs were truly wonderful and scrumptious.

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  • The RSL sector now has so many different types of organisation (from multi-million £ turnovers owning tens of thousands of properties) to those running tiny sheltered housing schemes that what is needed is different approaches and regulatory systems to cater for this huge diversity. If that is what HCA are proposing then that is right and logical but it is not at all clear what they mean by the statements issued so far; I suspect they are still working it out.

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