Housing Corporation News Release

Three statutory appointments made to the board of Presentation Housing Association

14 July 2008      Ref: 52/08

Three statutory appointments have been made to the Board of Presentation Housing Association, the Housing Corporation has announced today (Monday 14 July 2008).

Presentation Housing Association, which manages around 6,000 homes across London and the south east of England, has been placed under supervision by the Housing Corporation because of concerns about its governance.

The three appointees will provide Presentation’s board with additional skills and expertise in addressing these concerns. 

The appointees are:

Susan Reizenstein, independent consultant;
Tom Dacey, Chief Executive, Southern Housing Group; and
Tracey Fletcher, Finance Director, Octavia Housing and Care.

Steve Douglas, Housing Corporation Chief Executive, said, “We have acted swiftly to ensure that Presentation has the expertise to call upon to lead it through this challenging time.”

The Corporation removed Presentation's Investment Partner status in April 2008. While it remains in supervision, the Corporation will not approve any new public funding for Presentation.

Ends.

For more press information please contact Sandra White on 020 7393 2094.

Notes to editors:

1) The Housing Corporation is responsible for regulating housing associations, which provide some two million homes across England. 

2) The Housing Corporation is the Government's national affordable homes agency, responsible for investing in new affordable homes and regulating nearly 2,000 housing associations across England. The Corporation's £8 billion investment programme for 2008-11 is its biggest ever. Its previous investment programme of £3.9 billion for 2006-08 is funding 84,000 homes; 49,000 of these are for affordable rent, and 35,000 are for affordable sale through the Government's HomeBuy initiatives, helping people to get a foot on the property ladder.

3) The Housing Corporation is working with English Partnerships and Communities and Local Government to establish the proposed Homes and Communities Agency and Tenant Services Authority.