THE ONS PLANS TO CHANGE THEIR DECISION TO MAKE HOUSING ASSOCIATIONS PUBLIC BODIES

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• 02 Nov

  The Office for National Statistics (ONS) are making necessary measures to alter their plans to make housing associations public bodies.

  

  According to reports by 24 Housing, the ONS said the following:

  • If the proposed legislation comes into force as envisaged, local authority, central government influence and the existence of nomination agreements would not be a part of public sector control
  • English PRPs would be regrouped as Private Non-Financial Corporations
  • Once the secondary legislation has been enacted, ONS will be happy to review the classification

  Gavin Smart, Chartered Institute of Housing's deputy chief executive also said:

  "Although we have been expecting this decision for some time, it is welcome news.

  "It is important that housing associations retain their independent status, not least because it means they can secure significant amounts of private finance to bolster public investment in housing".

  He also hopes that this proposed legislation is confirmed when legislation is passed by Parliament.

  What do you think?

  Please tweet comments @suppsolutions.

  By Abimbola Duro-David

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