Housing Associations: Finance

Ministry of Housing, Communities and Local Government written question – answered at on 10 May 2018.

Alert me about debates like this

Photo of Kate Hoey Kate Hoey Labour, Vauxhall

To ask the Secretary of State for Housing, Communities and Local Government, what his Department's policy is on a Housing Association's obligation to reinvest their funds into the properties that they maintain; and if he will make a statement.

Photo of Dominic Raab Dominic Raab Minister of State (Housing, Communities and Local Government)

Housing Associations are independent organisations and it is for their Boards to make business decisions. However, they are not-for-profit organisations, and so we expect them to reinvest funds in their business. They are expected to comply with regulatory standards drawn up by the independent Regulator of Social Housing. This includes an expectation to maintain their properties by ensuring a prudent, planned approach to repairs and maintenance is taken. Their approach needs to reflect an appropriate balance of planned and responsive repairs.

Does this answer the above question?

Yes0 people think so

No0 people think not

Would you like to ask a question like this yourself? Use our Freedom of Information site.