Bromford joins list of 'transparent' landlords
Bromford Group has become the latest housing association to agree to publish details of all expenditure over £500.
The 27,000 home landlord is releasing the information alongside a range of other data including the amount paid to senior executives and non-executive directors, and remuneration for other staff by salary band.
Bromford chief executive Mick Kent announced the policy in a blog for Inside Housing today. ‘We have decided to publish stuff like directors’ salaries and expenses, how we use our money, where it comes from and where it goes,’ he writes.
Housing minister Grant Shapps has been putting pressure on housing associations to follow the government’s lead in publishing details of spending over £500. In June he summoned chief executives to the Communities and Local Government department and warned their organisations could become subject to the Freedom of Information Act if they did not comply.
The National Housing Federation has argued publishing the details will create bureaucracy with little benefit to tenants, but a growing number of landlords are now either releasing the information or are planning to do so. These include Home Group, Family Mosaic, Viridian, Network Housing Group, Adactus, Sanctuary, and Hyde.
In his blog Mr Kent says publishing the information is not a ‘big deal’.
‘It’s not as if we are losing our independence, nor conceding power,’ he says. ‘It’s about giving away power and knowledge but in turn building influence and a better, more open “networked” culture.’