Viability reviews of housing associations to get underway
The Housing Corporation has announced details of its 2008 assessment into the financial viability of housing associations, it has been revealed.
Under the plans, the corporation is set to establish a panel consisting of five members from the institutions and two external consultants from a rotating panel of the following firms: PKF, the Tribal Group, KPMG and Grant Thornton.
The panel will look to review the assessments made by regional financial appraisal teams to make sure any housing associations which are struggling through the current economic decline.
Such news could be of interest to with housing association jobs.
Clare Miller, director of regulation for the Housing Corporation, said that the new validation process has been "designed to provide enhanced comfort to those who depend on our assessments – including the soon to be launched Homes and Communities Agency, the wider lending market, boards and tenants".
She went on to report that the system will be transferred over to the new social housing regulator Tenant Services Authority, which is set to be launched in December 2008.
Earlier this month Wayne Hemingway, chair of Building for Life, offered advice to housing associations on the planning and construction of affordable homes.
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