The Housing and Planning Act has now received royal assent. It has stretched the parliamentary system, with the House of Lords challenging the Bill throughout its progress. Peers criticised the lack of detail on key areas such as ‘pay to stay’ but the government insisted that this would be provided in the regulations.
Although often controversial the Act has remained faithful to its original objective which was to support home ownership and give tenants in housing associations the chance to own their own home. The impact on the sector is now being modelled and while the majority of local authorities will be able to restructure their budgets, their ability to provide additional homes will be weakened. Some may not survive.
Before the detail in the regulation is agreed it is also worthwhile combining the list above with the list below showing the impact of the Welfare Reform and Work Act 2016 to get a complete picture of the changes that will impact on the social housing sector. The housing benefit changes from the Welfare Reform and Work Act 2016 will mean the introduction over the coming years of a number of smaller but nevertheless significant changes including:
Across the country local authorities are currently remodelling and readjusting their housing business plans to reflect the changing environment. CIPFA’s forthcoming work with the Chartered Institute of Housing (CIH) is looking to do this on a national scale, so we will be following this story over the next year and exploring the implications for the public sector.