Home and Communities Agency Publishes New Regulatory Framework Documents for Social Housing Providers

The consultation is over and the decision is here: the HCA has published the result of its overhaul of the Regulatory Framework documents and Registered Providers will be subject to the new rules from 1 April this year.

The changes are consistent with messages that the HCA has been pushing for some time, including at the Forbes “Diversify or Die?” event last year at which the requirement for RP boards to assess, understand and see the potential consequences of risks for social housing stock and tenants was a strong theme. The Sector Risk Profile from 2014 and the official post-mortem on Cosmopolitan said much the same and it is no surprise to see the revised Governance and Viability Standard taking that further with a supporting Code of Practice.

The General Consent is changing too and those used to working within the older version will need to make sure that they adjust to the new one in time. The 2012 Rent Standard and Guidance are varied as well with consequences for tenancy management.

Now the wording is set we will work with our housing sector clients to increase awareness of the changes and plan for best practice compliance with the new tougher regime and address in more detail on how the new Regulatory Framework will work in practice.

The Housing and Regeneration Team at Forbes advises on governance and regulatory issues for a range of RP clients. Click here to contact Forbes for more information or advice or speak to your usual contact at Forbes.

Daniel Milnes

About Daniel Milnes

Dan is a Partner and Head of Contracts & Projects. Dan’s blogs cover the areas in which his specialities lie in commercial, regulatory and governance law which cover a broad range of matters dealing with contracts, projects, corporate and group structures, funding and compliance with a range of legal regimes including data protection. This also involves writing and advising on various forms of commercial contracts including joint ventures, development and construction agreements and intellectual property contracts including IT agreements, sponsorships and other rights licensing arrangements.
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