Fixed asset sales for the year totalled £2bn, 43% more than the forecast of £1.4bn. The HCA said that these were not “unplanned sales” and they reflected an increasing move by housing associations towards stock rationalisation.
I wonder what the tenant consultation was like?
The HCA have been hampered in their publication of the new involvement standard due to Purdah during the election, so the new standard is yet to be published, following the freedom to dispose of assets and notify the regulator retrospectively since April 2017.
According to Inside Housing:
Will Perry, assistant director at the HCA, commented: “Providers are more actively looking at the performance of their assets and making decisions about which ones work for them and whether they might work better for somebody else.
“We expect providers to manage their businesses sensibly, control their risks and make sure that they work as efficiently as they can. Looking at how assets perform is one aspect of that.”