The Tenant Services Authority will take a stronger line on value for money after finding it could not account for more than a third of the operating cost variations between landlords. The social housing regulator, with input from the National Housing Federation, is working on a new value for money standard which will set out how landlords will be required to approach the issue. The standard will be informed by a TSA analysis of the reasons costs per social home differ between landlords. The average net operating cost per unit is £3,590, but costs for some associations are as high as £20,000 per home. The detailed study, based on data from 2005 to 2010, explained 63 per cent of the cost difference, citing reasons including regional wage differences, stock profile, decent homes requirements and group structures. But it was unable to establish the reasons for 37 per cent of the variation. Read more on Inside Housing.
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