Written evidence to be reported to the House
Housing and Regeneration Bill
12:00 pm
David Orr : Any sale of an asset that has been publicly funded in any way must be approved by the regulator, so before making such a sale the association must provide evidence about what the proceeds are to be used for. My view is that those proceeds are used to invest in the business, to do the work that housing associations are required to do. If there is evidence to the contrary we should be disappointed to hear it, and would want to know about it.