The Homes and Communities Agency regulatory committee is
seeking advice from watchdogs in other sectors on how to regulate for-profit
social landlords. The committee, which took over social housing regulation on
1 April, is currently reviewing how it intends to regulate the first wave of
for-profit providers. This could lead to a consultation about changes to its
regulatory framework later in the year.
At a meeting in April, committee members discussed plans for regulating
for-profit providers and how to ‘ring-fence’ risk and prevent value leaking
from social housing assets into shareholders’ pockets. Committee members
suggested the HCA should speak to other regulators. Julian Ashby, chair of the HCA regulatory
committee, said the regulator hoped to learn lessons and techniques from other
sectors.
Read more on Inside Housing.
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