Housing Corporation News Release

Last ever Housing Corporation corporate plan published

Tuesday 5 August 2008      60/08

The last ever Housing Corporation corporate plan is published today.

In 2008-09 the Housing Corporation has committed itself to facilitating the smooth and effective transition of its responsibilities to the new agencies, working in close partnership with the teams tasked with setting up the Homes and Communities Agency and the Tenant Services Authority.

At the same time, the Corporation will continue to ensure the successful delivery of our core objectives, providing a strong foundation and legacy on which the new agencies can build.

In April 2009, a new national housing and regeneration agency, the Homes and Communities Agency (HCA), will be responsible for investment in quality affordable homes. A new independent Tenant Services Authority (TSA) will be responsible for regulating social landlords.

Housing Corporation Chief Executive Steve Douglas said, “After over 40 years of success in investing in affordable housing and regulating the housing association sector, this is our last corporate plan. We will be focused on achieving the successful transfer of our functions to the Homes and Communities Agency and Tenant Services Authority. At the same time we will ensure that we continue our record of achievement of delivering our core objectives.”

A copy of the corporate plan is available at:

http://www.housingcorp.gov.uk/server/show/ConWebDoc.14744

Ends.

For more press information please contact Sandra White on 0207 393 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 £8.4 billion investment programme for 2008-11 is its biggest ever. Its previous investment programme of £3.9 billion for 2006-08 funded 92,752 homes; 52,929 of these for affordable rent, and 39,823 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 by early December.