Monday, 6 March 2017

Social Housing Regulator To Charge Fees From October 2017

The regulator of social housing will delay the introduction of fees for regulation to October 2017. Providers will pay 50% of the annual fee for 2017 to 2018. The regulator was granted powers to charge fees under the Housing and Regeneration Act 2008. It set out initial proposals in a discussion paper in 2014 and held a further statutory consultation at the end of 2016. Following the outcome of the consultation, the regulator will introduce:
·         a one-off flat-rate registration fee of £2,500 for successful registration with the regulator
·         a fixed annual fee of £300 for providers with fewer than 1,000 social housing units
·         an annual per unit fee of £4.72 for large providers with 1,000 or more social housing units – with the fee charged at group level rather than for each individual entity on the register.

Read more on the HCA website.

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