Housing Corporation News Release

Housing Corporation welcomes Royal Assent of Housing and Regeneration Bill

Tuesday 22 July 2008       55/08

The Housing Corporation welcomes the Royal Assent granted on the Housing and Regeneration Bill in Parliament today.

Housing Corporation Chairman Peter Dixon said, “The Housing and Regeneration Act now confirms the creation of the new Homes and Communities Agency (HCA) and the Tenant Services Authority (TSA).

“The HCA will further improve the capacity to deliver new affordable homes in thriving communities, while the TSA will serve tenant interests and guarantee high standards of management for the five million households benefiting from social housing.  

“We now look forward to working with CLG, English Partnerships, the Audit Commission and other stakeholders towards the formation of these new agencies in early December.”

For more information on the Housing and Regeneration Act visit: www.communities.gov.uk

Ends.

Notes to editors:

For further press information: Terry Sefton 020 7393 2118

1) 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 which provide some two million homes across England.
 
2) The Corporation's £8.4 billion investment programme for 2008-11 is its biggest ever, set to fund at least 155,000 homes. Over 100,000 of these are for affordable rent and more than 50,000 for affordable sale through the Government's HomeBuy initiatives, helping people get a foot on the property ladder.

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