We have submitted our response to the White Paper Consultation based on the discussion held at the “Planning for the Future - what does this mean for affordable housing” webinar we held on Fri 9 Oct
The Regulator of Social Housing has, this week, published a revised 'Regulating the Standards', largely to take into account the new Value For Money (“VFM”) Standard (which came into force on 1 April).
Key changes within the new 'Regulating the Standards' include:
- Updates to reflect the requirements of the new VFM Standard and accompanying Code of Practice, including how VFM compliance will be assessed as part of an In-depth Assessment;
- The clarity that 2017/18 accounts must be based on the requirements of the new VFM Standard, but recognition (which is likely to be welcome) that this may not be possible for all reporting requirements of the new Standard;
- An increased emphasis on Financial Forecast Returns providing details of all an RP’s planned activities, including projected development activity, and results of stress testing against the financial forecast; and
- Following on from the large number of RP “regrades” to V2 late last year, greater clarity on how a V2 grading is viewed by the Regulator, including some of the characteristics the Regulator feels may be shared by RPs at V2 (such as a weaker financial profile with less headroom against covenants or a significant financial event in the short term that could change the profile of the organisation).
The Regulator’s approach to the regulation of consumer standards, and its guidance on its approach to intervention, enforcement and use of powers, remain unchanged.
For more information
For further information relating to the revised 'Regulating the Standards', please get in touch with Gemma Bell.
Anthony Collins Solicitors is pleased to have been ranked as a Band 1 firm once again.
Since March 2020, commercial property owners and occupiers across many sectors, whether housing associations, charities, care providers or local authorities, have been impacted by the rules regulating how they deal with their tenants and their landlords. It seems each week there is a change in policy, regulation or legislation, governing how they must respond.
A key element of the Bill is the establishment of a duty holder regime and requirement to maintain the ‘golden thread of information’ throughout the life cycle of high-risk residential buildings
We have been working with care homes to update their contracts and advise on the risks of charging the resident a regular “top-up” or additional fee where a resident is funded through NHS CHC
The parliamentary processes are complete and the Restriction of Public Exit Payments Regulations 2020 (“the Regulations”) which cap exit payments in the public sector at £95,000 will be in force from 4 November.
As the UK’s social housing sector recovers from the initial Covid-19 outbreak and lockdown, now is the time to focus on the challenges that may emerge next.
There is no universal approach to regenerating town centres. However, housing must be considered a key part of any regeneration project – providing well-needed new homes and economic growth.
Friday 16 October marks the 6th annual Wear Red Day in England, Wales and Scotland. Wear Red Day is the brainchild of the charity; Show Racism the Red Card (SRTRC). SRTRC aims to educate young people so they are equipped to recognise and challenge stereotypes, misconceptions and negative attitudes towards race.
Alongside the Building Safety Bill published in July 2020, the Fire Safety Bill is a key step in the Government’s strategy to improve building and fire safety in the wake of the Grenfell Tower tragedy
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