The Housing Corporation ceased operation on 30 November 2008.

The Housing and Regeneration Act 2008 (http://services.parliament.uk/bills) established two new agencies:
 
the Tenant Services Authority (TSA) which will act as a new watchdog for social tenants. The TSA, led by the Chief Executive Peter Marsh, will regulate social housing landlords, setting high standards of management across housing association and at a later date local authority social homes. It will also listen to tenants' concerns and use its powers to make sure tenants are getting a good service. Empowering people is the cornerstone of the Government's recent White Paper Communities in Control and the TSA is just one way in which tenants will have a greater say in running of their communities. The TSA will also have powers to cut red tape for high performing registered social landlords and the ability to take action where tenants are not getting a fair deal; and

the Homes and Communities Agency (HCA) which will bring together responsibility for both the land and the money to deliver new housing, community facilities and infrastructure. From early December 2008, the HCA, headed by Sir Bob Kerslake, will ensure that homes are built in an economically, socially and environmentally sustainable way, as well as promoting good design. The HCA also has a key role to play in regenerating communities. It will base its regeneration approach on the Government's regeneration framework - Transforming Places; Changing Lives. This will ensure decisions on regeneration are made as locally as possible, and that access to jobs is a key decider in the location of new social housing.