Social housing ”in good shape”
Despite the impact of the continued economic downturn, the social housing sector is still in good shape.
Such is the claim of David Orr, chief executive of the National Housing Federation (NHF), who reports that in spite of concerns about the financial standing of the industry, housing associations generally stand in good stead.
He claimed that those finances for those working for housing associations "remain[s] robust and strong – with its underlying income stream coming from social rent. This source of finance remains secure".
The NHF chief executive added that during the past 20 years, such organisations have managed to establish an extremely successful public-private partnership, while continued investment from partners and stakeholders should mean that "the sector will continue successfully to deliver new homes and strong communities".
In other news, housing minister Margaret Beckett recently reported that 163 councils across the country are to receive a total of £605 million to assist them in the construction of new homes.
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