New value for money rules are too prescriptive and could lead to social landlords struggling to meet them, housing bodies have warned. In response to a consultation on the Tenant Services Authority’s revised regulatory framework for England, several organisations, including the National Housing Federation and Chartered Institute of Housing, have submitted responses critical of aspects of the new rules. Under the framework, landlords must publish annual assessments of how they are delivering value for money and demonstrate a range of things including an understanding of cost of services, efficiency gains and the return on assets. The CIH’s response said the standard will push providers towards a ‘centralist and possibly prescriptive’ method of assessing value for money. It said: ‘While this is desirable good business practice, providing evidence may prove stretching for many providers.’ Read more on Inside Housing.
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