The authors conclude that there is a real possibility for significant change in the way that associations manage their assets that could lead to a more dynamic system of developing and managing homes.
The key issue is not to have centrally driven targets but to enable and facilitate housing associations to manage their assets in the most effective way to meet their aims. Giving associations the freedom and clear responsibility for doing this could drive efficiency, produce more homes and allow better analysis of local markets. It also has the potential to transform associations into the sort of entrepreneurial socially-focused rented property companies meeting a wide range of housing needs and aspirations that this country currently lacks.
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If the social housing regulatory system was amended to allow providers to be more flexible in the use of stock, providers would then be free to find their own locally-based balance between:
- meeting local needs
- selling outmoded or inefficient stock
- selling properties to release equity
- investing in new homes
- investing in sustainable communities.
Abigail Davies, CIH Head of Policy, said: "This research demonstrates what can really be achieved if housing associations are given greater freedom in managing their assets. It also shows the need to look beyond development viability to consider impacts on need, community investment, allocations and affordability. We will be keen to help the sector to develop the strategic skills to understand the dynamics of local housing markets and to plan and manage assets."
(CD)
