This is a summary of the financial viability of housing associations regulated by the central field of the Housing Corporation and is based on the annual five-year financial forecast (FV5) submitted by associations during 2003. The starting point for the FV5 is a year of actual results followed by each association's forecast for the next five years.

This review provides a summary of the financial situation of associations in central field, and some data about the forecasts which could be used as a benchmark for associations within each region. The report also gives a flavour of some of the financial issues that associations have faced in the recent past and may face in the future.