This will encourage private investment during a period of inevitable decline in public spending and slow recovery from difficult market conditions.
Lenders have already invested nearly £60 billion in the new construction, regeneration, repair and improvement of social housing. On behalf of members, we have worked closely with the Tenant Services Authority (TSA) to strengthen regulation of the sector, sustain its viability and promote lender confidence in the governance of housing associations.
These are essential requirements to ensure continuing lender investment in the social housing.
We therefore welcomed the publication earlier this month of the TSA’s new regulatory framework for the social housing sector in England. Robust regulation has helped deliver an increase in lending in difficult market conditions.
And implementing the proposed new regulatory framework is an important next step in the process.
The new framework, together with the powers set out in the Housing and Regeneration Act 2008, provide a solid foundation to help secure future private investment in social housing, both through conventional lending activity and the capital markets.
