16 June 2006
Social landlords should save at least 10% in costs after the Housing Corporation announced it was meeting all 48 recommendations made in a major review of regulation.
More housing associations will qualify for 'light touch' regulation and less information will be required in financial returns, the corporation promised this week, in response to Sir Les Elton's review, published in April.
The review, commissioned by the corporation, called on regulators to synchronise their work more effectively and share information. Responding on June 13, the corporation said it would work with other regulators to cut duplication, while associations will no longer need to spend so much time validating performance indicators.
A new streamlined approach to investment should lead to greater flexibility, and residents will be consulted more widely on how their landlord is governed.
Peter Dixon, chair of the corporation, said the measures represented 'one of the largest deregulation packages' ever offered to non-profit making organisations. An action plan will be published later in the summer.
PFjun2006
