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iamnumerate

Housing associations - fair criticism

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UKIP have said

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Housing associations are accountable neither to taxpayers, who provide much of their funding, nor to their
own tenants.
A UKIP investigation into the largest 50 housing associations uncovered a catalogue of
failures. They are not building as many homes as private developers, the homes they
do build cost more to put up, and they are failing to tackle anti-social behaviour. Average
salaries for chief executives reach 51 times their tenants’ rent: one CEO is paid three times
as much as the Prime Minister.Housing associations manage 60 per cent of the socially rented sector and
have received £23 billion of Government funding in the past 14 years, but UKIP is not convinced they are benefiting
either tenants or the taxpayer. We will launch a review into their operation.

Is this fair?

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My son worked for a HA. They do have strict rules to follow wrt budgets. Bad news for them if they're over or under budget by more than a percent or two. In practice, they tend to be a bit careful for most of the year, then spend the surplus on selected renovations.  

All in all, they do a better job of providing housing than councils imo.

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33 minutes ago, iamnumerate said:

UKIP have said

Is this fair?

Mostly yes.HAs are ran for the staff,their pensions and perks.Sickness levels huge.Put rent up RPI+ every year and the taxpayers fund it through housing benefit.No other business in the world has such good terms.The fact Osborne decided to cut rents 1% a year was aimed at HAs.In a lot of ways Osborne understood the problems.Went after landlords and HAs.If he had another 5 years he might of done a lot more.

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8 minutes ago, durhamborn said:

Mostly yes.HAs are ran for the staff,their pensions and perks.Sickness levels huge.Put rent up RPI+ every year and the taxpayers fund it through housing benefit.No other business in the world has such good terms.The fact Osborne decided to cut rents 1% a year was aimed at HAs.In a lot of ways Osborne understood the problems.Went after landlords and HAs.If he had another 5 years he might of done a lot more.

Shame he also did HTB.

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18 minutes ago, durhamborn said:

Mostly yes.HAs are ran for the staff,their pensions and perks.Sickness levels huge.Put rent up RPI+ every year and the taxpayers fund it through housing benefit.No other business in the world has such good terms.

 

Not that different from local councils then. Just substitute "rent" increases for "council tax"increases...

 

Cheap digs aside, Housing associations are actually supposed to be regulated by the Homes and Communities Agency (HCA). The problem is they do a piss poor job of regulation and there's the usual revolving door situation between them, the housing associations and local councils (gravy train jobs for the boys). 

 

The HCA is so clearly ineffective that the government have been looking at introducing a new regulator (http://m.insidehousing.co.uk/7017886.article?mobilesite=enabled)

 

 

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Several years ago I was looking at job vacancies on Housing Association websites and I was rather blown away by the decent salary and perks. Generous even by public sector standards.

I appreciate that such organisations need to pay good money to attract talent. But to pay a higher salary than the Prime Minister? This shouldn't be allowed.

I'd also like to see Housing Associations move away from shared ownership to providing more 'rent only' housing.

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The Spectator from 2015:

Quote

 

Why housing associations are the true villains of the property crisis

They are not doing their job – while paying themselves handsomely

Housing associations are a bit like Network Rail. They are what Tony Blair christened his ‘Third Way’ between capitalism and socialism, in the hope they would combine the best elements of both. Instead, they combine some of the worst: public sector lethargy and private sector greed.

According to a forthcoming investigation by Channel 4 News, 40 housing association executives are paid more than the Prime Minister for managing a pile of ex-council houses given to them on a plate and which were once managed by a clerk of works and a team of rent-collectors on no more than £30,000 a year.

https://www.spectator.co.uk/2015/07/housing-associations-have-failed-to-build-houses/

 

 

 

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4 hours ago, MattW said:

Several years ago I was looking at job vacancies on Housing Association websites and I was rather blown away by the decent salary and perks. Generous even by public sector standards.

I appreciate that such organisations need to pay good money to attract talent. But to pay a higher salary than the Prime Minister? This shouldn't be allowed.

I'd also like to see Housing Associations move away from shared ownership to providing more 'rent only' housing.

As much as he is despised i bet fungus or similar private landlords with many property can run their empires for a fraction of the cost of these parasites.

Edited by TulipsFromThreadneedle

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