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