The ICSH recently hosted a webinar on the incoming statutory regulation framework for housing associations (AHBs). Speakers from the Department of Housing, Planning and Local Government provided an overview and update on the new regulatory system and the transitional arrangements.
The Housing (Regulation of Approved Housing Bodies) Act 2019 was signed into law on December 23rd, 2019, and commencement will be in January 2021. The new Act will allow for the establishment of the Approved Housing Bodies Regulatory Authority to oversee the effective governance, financial management and performance of all voluntary and co-operative housing bodies.
Statutory regulation will replace the current voluntary framework which has been in place since 2013 and will impact every housing association in the sector.
The recording of this webinar can be downloaded from Dropbox here.