Salvation Army takes over association
Salvation Army Housing Association has become the second association to be taken over by an organisation not registered as a social landlord.
SAHA, which owns 3,400 homes mainly for young homeless people, will become a wholly controlled subsidiary of the Salvation Army from
1 April in a bid to save costs.
The move follows revised Tenant Services Authority rules that came into effect last April. They allow housing providers to have parent companies which it does not regulate.
SAHA applied to the TSA to merge within days of the new rules coming into effect.
Nigel Parrington, chief executive of SAHA, said at the time: ‘The new structure will help us to be more efficient in terms of costs and services.’
Under the previous rules SAHA would not have been able to become a subsidiary of the Salvation Army without paying back grant.
It is the second time a non-registered parent company has taken ownership of a social landlord.
In November 13,000-home association Knowsley Housing Trust set up a strategic non-registered company to take over the organisation.