10 November 2006
Social landlords are on course to exceed government efficiency targets for the second year running, the Housing Corporation said this week.
Statements submitted by housing associations show savings of £318m in 2005/06, compared with a government target of £47m. This year, landlords are forecasting efficiency gains of £344m, compared with a target of £120m.
Jon Rouse, the corporation's chief executive, praised RSLs for rising to the challenge set by ministers.
But the figures will be studied closely after the Department for Communities and Local Government admitted that it used the wrong inflation figure for building costs in 2005/06.
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