The government should launch a new form of "gap funding" for housing associations to improve the condition of their stock, National Housing Federation chairman and Peabody chief Richard McCarthy has said.
"Very limited amounts of money are made available via the Housing Corporation for major repairs and re-improvements, and I'd like to see those merged into a single asset management grant and be treated as a form of gap funding," McCarthy said.

McCarthy also urged the government to exercise caution on the issue of a single inspector and warned against splitting up investment from regulation of the sector.

He added that the Audit Commission might not be best placed to form the new body. "[Associations] are not public bodies and the Audit Commission regulates public bodies," he said.

Source

Housing Today