Posted 01.10.15 by Croftons
With the housing sector in a period of uncertainly like never before, Boards across the country will be considering all available options to help safeguard their organisations' future. One such option, already being mooted by some, is voluntarily deregistering from the HCA.
But what are the implications for housing providers, and do they make it a realistic option? asks Croftons' Head of Governance & Regulation, Jo Savage.
While there are obvious benefits of deregistration, such as increased flexibility of rent setting and who you house, the criteria you must meet to do so is strict. Legislation allowing for deregistration has three grounds, with associations needing to show they:
The HCA will expect your organisation to demonstrate ongoing financial viability, have satisfactory performance levels and take into account tenants' views.
They will also want to guard against the misuse of public funds and so will consider the amount of any capital public funding outstanding and any planned or current development. The HCA will also consult relevant local authorities.
To read the full article click here.
