Housing Corporation

Housing Corporation

The Housing Corporation is the non-departmental public body that funds new affordable housing and regulates housing associations. Its operational area is England. Originally established by the Housing Act 1964, it will cease to exist by the end of 2008 when its functions are transferred to two new organisations: The Homes and Communities Agency and the Tenant Services Authority. When the Housing and Regeneration Act gained Royal Assent on 23 July 2008, the legislative frameworrk for both new bodies became law.

The current Chairman of the Housing Corporation is Peter Dixon, and his deputy is Shaukat Moledina.

Homes and Communities Agency

On 17 January 2007, Ruth Kelly announced proposals to bring together the investment functions of the Housing Corporation, English Partnerships and parts of Communities and Local Government to form a new unified housing and regeneration agency, the Homes and Communities Agency (initially announced as "Communities England"), which is likely to become operational towards the end of 2008.

Tenant Services Authority

On 15 October 2007, Yvette Cooper announced that the Government accepted the recommendation of the Cave Review of Social Housing [ [http://www.communities.gov.uk/publications/housing/everytenantmatters Every Tenant Matters: A Review of Social housing Regulation by Professor Martin Cave] ] to transfer the Corporation's regulatory powers to an independent body. Initially this was to be named the Office for Tenants and Social Landlords but its name has subsequently been changed to the Tenant Services Authority [ [http://www.aboutproperty.co.uk/news/property-finance/shared-equity-schemes/tenant-services-authority-recruitment-begins-$1226250.htm Tenant Services Authority recruitment begins] ] . It will become operational before the end of 2008 [ [http://www.insidehousing.co.uk/story.aspx?storycode=6500153 Inside Housing: The Tenant Services Authority] ] .

Energy Efficiency

The Corporation requires the housing associations it funds to achieve EcoHomes standards, the Housing Corporation is indirectly responsible for building the greatest number of environmentally-friendly homes in the UK. Eco-performance standards are to be raised further for grants provided in 2008-2010, when compliance exceeding Level 3 of the new Code for Sustainable Homes will be required. [http://www.newbuilder.co.uk/news/newsFullStory.asp?ID=1739]

References

External links

* [http://www.housingcorp.gov.uk/ Housing Corporation] website
* [http://www.communities.gov.uk/housing/strategies/communitiesengland/ Homes and Communities Agency] announcement


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