The social housing regulator has dropped controversial plans
to make landlords ring-fence their social housing assets. Julian Ashby, chair of the HCA, has confirmed
the change of approach. A HCA discussion
paper published in April suggested ring-fencing measures to protect social
assets from riskier activities. These included limits on non-social activity as
a percentage of turnover and restrictions on using social housing assets as
loan security. However, following widespread
concern from landlords, the regulator has now ditched the plans for all
non-profit associations which have parent companies registered with the HCA.
Landlords had warned the plans would restrict their ability to carry out
mixed-tenure developments and community projects. Read more on Inside Housing.
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