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Housing Association
4 Answers
Can a housing association sell a property to a non-tenant?
The lady who lived in the property died and then the council work vans were there doing it up and then the house was sold.
The lady who lived in the property died and then the council work vans were there doing it up and then the house was sold.
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Prior to 6 April 2017 housing associations needed to obtain approval from the Homes and Communities Agency before they could dispose of any housing stock.
From that date onwards though the provisions of the Housing and Planning Act 2016 have been in place, meaning that housing associations no longer need to seek such approval. (They only have to notify the HCA after the sale of a property has been completed).
The changes have generally been welcomed, as housing associations now find it easier to manage their stock to meet the needs of potential tenants. For example, if they've got several 3-bedroom houses standing empty but a big waiting list for one-bedroom properties, it's easier for them to sell off the larger houses and replace them with a greater number of smaller ones.
From that date onwards though the provisions of the Housing and Planning Act 2016 have been in place, meaning that housing associations no longer need to seek such approval. (They only have to notify the HCA after the sale of a property has been completed).
The changes have generally been welcomed, as housing associations now find it easier to manage their stock to meet the needs of potential tenants. For example, if they've got several 3-bedroom houses standing empty but a big waiting list for one-bedroom properties, it's easier for them to sell off the larger houses and replace them with a greater number of smaller ones.
They might simply be short of money.
This link is over 8 years old but financial problems don't disappear overnight:
http://
Housing associations aren't exempt from the same financial pressures that everyone else faces. If your income is less than your expenditure (and you can't raise your revenue, or reduce your expenditure, sufficiently to resolve the problem) the only option left is to sell something. That's particularly true if the 'something' is a house where the projected rental income is less than the projected costs of maintenance.
This link is over 8 years old but financial problems don't disappear overnight:
http://
Housing associations aren't exempt from the same financial pressures that everyone else faces. If your income is less than your expenditure (and you can't raise your revenue, or reduce your expenditure, sufficiently to resolve the problem) the only option left is to sell something. That's particularly true if the 'something' is a house where the projected rental income is less than the projected costs of maintenance.
// Can a housing association sell a property to a non-tenant?//
yes and have done for at least 20 y - there may be paper hooops to jump thro but they do that without any probz
they have changed radically since they were founded ( seventies I think ) when the govt wd make up any deficit. Then they had to operate in balance.
Policies changed radically not surprisingly
yes and have done for at least 20 y - there may be paper hooops to jump thro but they do that without any probz
they have changed radically since they were founded ( seventies I think ) when the govt wd make up any deficit. Then they had to operate in balance.
Policies changed radically not surprisingly
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