What we do
The Housing Corporation funds new affordable housing and regulates housing associations in England.
We undertake our role by
- Investing. We help develop and implement regional and national housing strategies, using public subsidy to procure affordable housing which provides quality homes in the places where our help is most needed across the country.
- Regulating. We are the statutory regulator for housing associations. We drive improvements in housing association efficiency and performance, and help to ensure that associations continue to attract private finance at competitive rates to build and improve affordable homes.
- Influencing. We help shape housing, community and regeneration policy nationally, regionally and locally.
We also oversee the injection of private finance into the affordable housing sector. Since 1989, private sector lenders have invested almost £20 billion in housing associations, dwarfing any other private sector lending initiative into social programmes. This has allowed thousands more homes to be built than would have been possible using public subsidy alone.
Under our risk-based regulatory approach, those housing associations classified as low risk benefit from less intrusive regulation while medium and high risk associations receive a more proportionate and tailored approach focused on the likely risk and impact of things going wrong. Our regulatory requirements are set out in detail in our Regulatory Code.
