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Information on the Housing and Regeneration Act 2008.
The principal feature of the new arrangements under the Act is the split between two new bodies - the Homes and Communities Agency (HCA) and the Tenant Services Authority (TSA) - of the current funding and regulatory functions of the Housing Corporation.
The TSA takes over the registration and regulatory functions of the Housing Corporation. Unlike the HCA its focus is entirely on social housing although like the HCA it has a broad remit, described in the Act as its 'fundamental objectives'. These comprise the following:
(1) to encourage and support a supply of well-managed social housing, of appropriate quality, sufficient to meet reasonable demands.
(2) to ensure that actual or potential tenants of social housing have an appropriate degree of:
a. choice, and
b. protection.
(3) to ensure that tenants of social housing have the opportunity to be involved in its management.
(4) to ensure that registered providers of social housing perform their functions efficiently, effectively and economically.
(5) to ensure that registered providers of social housing are financially viable and properly managed.
(6) to encourage registered providers of social housing to contribute to the environmental, social and economic well-being of the areas in-which the housing is situated.
(7) to encourage investment in social housing (including by promoting the availability of financial services to registered providers of social housing).
(8) to avoid the imposition of an unreasonable burden (directly or indirectly) on public funds.
(9) to guard against the misuse of public funds:
(10) to regulate in a manner which:
(a) minimises interference, and
(b) is proportionate, consistent, transparent and accountable.
Further information can be found by following the link below to a letter from TSA:
TSA Letter
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