Regulator To Hike Fees By 15%

The Regulator of Social Housing (RSH) will hike its per unit fees by 15% next year as it tries to cope with housing associations’ greater market focus and the emergence of for-profit providers. A review of the regulator’s resources had identified “the need for an increase in capacity to ensure that we can continue to effectively regulate the changing risk profile of the sector”. This includes keeping pace with the “increasing market focus among some registered providers” and new funding models such as “commercial for-profit providers”. The fee increase will add tens of thousands of pounds to the bills of the largest housing associations. Download the letter from the GovUK website.

https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/817822/RSH_letter_-_Fees_proposals_2020-21.pdf