Social Housing

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Provided by Bevan Brittan LLP

Housing sector participants, in particular registered providers and local authorities, are experiencing significant upheaval and disruption. The structural change across the housing sector is resulting in dynamic and innovative responses from registered providers and local authorities who are rising to the challenge of saving costs and generating flows of capital and revenue to deliver the housing the nation needs.

Some of the biggest challenges are:

• UK Government's call for registered providers to contribute towards the building of the 200,000+ homes needed to meet demand.​
• Registered providers and local authorities needing to compete with private sector developers and housebuilders for key development sites.
• The impact of new policies, including universal credit, the 1% annual rent reductions until 2019, the capping of Housing Benefit (and its payment direct to tenants), and changes to Right to Buy (RTB), which all impact significantly on funding and delivery strategies in business plans.
• The Social Housing Regulator's increasing focus on registered providers delivering tangible value for money in their core activities.