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Housing associations should freeze their rents now – or face tenant strikes

  Housing association tenants are more likely to be suffering from social isolation, threats to employment and exposure to Covid-19 in poorly paid jobs. Few realise that they’re also facing a rent hike. This Monday, social landlords increased their rents by 2.7%. Little wonder that pressure is growing to suspend rent payments to ease financial pressures. In countries implementing a lockdown, those renting their home are becoming more vocal on the possibility of rent strikes. Pressure is mounting across the globe and there are demands in Boston and New York in the US, South Australia and Canada . In the UK, rent strikes are being discussed in numerous major cities, notably in Islington in the capital. In Cheltenham, estate agents shop windows have been graffitied with slogans such as “Can’t Pay? Don’t”. One area where there is a greater degree of influence over rents is in housing associations. Following nearly 50 years of subsidy, these are wealthy organisations. In England, their

Leadership and Seductive Innovation

Whatever sector, whatever industry you are in, these are challenging times. It is all hands to the pump to find the right course. And for those fearing their very survival, it is understandable that the search for that new, powerful idea should dominate. But success will never lie in new technology alone; it is also critical to look in the right direction, not to get waylaid into seemingly seductive solutions. Look at the business and be honest, are a series of technological innovations likely? And if they are, will they make the impact on your industry that you anticipate? For service organisations in particular, constant technomania is probably an absolute distraction from the core business. Worse, it will beguile you into believing there is a promised land; that there is a magic bullet that will solve the organisation’s problems. The techno-fetishists earn their crust by promoting ever whackier and unachievable ideas. New jobs are being created, innovation labs are springing up. Cha

Grant is Dead

 

How to issue a bond: nine tips for housing associations

Make time This path is so well trodden it is difficult to see over the sides of the trench. The legal documentation has developed over many years so there is virtually no opportunity to change it. In addition, investors need to know heir investment is secure and so satisfactory title must be demonstrated. Depending on the type of organisation and the quality of your records, this can be inordinately difficult. There is no shortcut, so start early. Do your homework The financial world is just that, a different world. Investors will know more about you than you do about them. Most are knowledgeable about housing associations and what they do not know, their in-house analysts will discover. Any credit rating (and Moody’s dominates the market) will be used to verify their analysis and may give comfort that their understanding is correct. And comfort gives confidence. Confidence can lead to a lower rate of interest – but don’t bank on it. Learn the language Coupons aren’t supermarket money-

Redefining acceptable conduct: Using social landlords to control behaviour

  Abstract The 1996 Housing Act brought ‘antisocial behaviour’ within the remit of housing legislation for the first time. This legislation is directed exclusively at those living in council housing. There still remains uncertainty about the exact nature of ‘antisocial’ behaviour. This has implications for the reasons for outlawing it and for the application of this legislation. Using data from the British Crime Survey, it is argued that there is insufficient evidence of a growth in antisocial behaviour. This legislation is directed exclusively at those living in council housing. What appears to be occurring on local authority housing estates is that a combination of, among other things, high unemployment, high child densities and lack of public funding in community and associated facilities is resulting in higher rates of vandalism. The legislation, in reality, seeks to legitimise opposition to a range of previously acceptable behaviours. For publication click here . For complete pape

Regulating the Regulator