Poplar Harca is set to become the first housing association to apply for an exemption from the 1 per cent rent cut as ratings agency Moody’s gave the it the lowest rating in the sector.
Affordable rented homes may have to be severely cut or even completely omitted from some schemes if the 1 per cent rent cut takes effect, according to analysis done exclusively for Social Housing.
The Chancellor George Osborne will sign a deal to devolve a range of spending powers to a group of public authorities in south Yorkshire.
Figures show 62% rise in low cost home ownership units
Analysis offers insight into £2.5bn revenue stream unaffected by rent cut.
Financing requirements and new risks offer increased work for advisory firms.
Sector maintains mixed approach to remuneration as some boards stay voluntary.
The sector has powerful offer for government: an increasingly useful house-building supply chain.
It looks like a gap is opening up: between those RPs able, and less able, to respond to the Budget and other changes.
But how much of it might be a case of ‘turkeys voting for Christmas’?
If £63bn of HA debt is re-classified as public sector – what then?
RP borrowers could face new demands as lenders and valuers discuss EUV-SH valuations post-Budget.