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ARTICLE · 02 SEPTEMBER 2008

Homes And Communities Agency

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On the day Parliament rose for its summer recess on 22 July 2008, the long awaited Housing and Regeneration Act 2008 (HRA) received Royal Assent. The HRA has been billed as the most significant change in the funding and regulation of housing associations for many years.

United KingdomReal Estate and Construction
Nick Mackenzie
Nick Mackenzie
Gary Ekpenyoung
Gary Ekpenyoung

On the day Parliament rose for its summer recess on 22 July 2008, the long awaited Housing and Regeneration Act 2008 (HRA) received Royal Assent. The HRA has been billed as the most significant change in the funding and regulation of housing associations for many years.

The HRA paves the way for the Homes and Communities Agency (HCA) to come into existence in December 2008.

The HRA brings together under one umbrella – the HCA – the grant funding powers of the housing corporation, the functions of English Partnerships and the decent homes functions of communities and local government so that stock transfers, housing market renewal and PFIs will all be dealt with by the HCA. It is hoped that by bringing together responsibility for land and the money under one agency this will streamline funding and enable more effective use of assets and resources.

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