The amount collected by housing associations as service charge income has increased by 2.3% (£33 million) in one year, according to the consolidated returns of housing associations made to the Regulator of Social Housing. It brings the total income generated through this income stream to £1.5 billion in the 2020 financial year. Upward Trend The… Continue reading Associations Enjoy £33 million Service Charge Income Bonanza
By Tim Smith I recently witnessed surveyors prepping the three-bedroom flat upstairs for auction after the death of my neighbour, a secure tenant. It will be the second Peabody social home sent to private auction in this street in the last six months. The first to go was a ground floor one-bedroom flat converted for… Continue reading Peabody Sells the Family Silver
Residents in some of the poorest areas of the country are being further impoverished by expensive heating systems, or face living in freezing conditions without hot water. Their housing association landlords are claiming that they have no influence with the heating provider companies. "Heat networks are supposed to provide a low cost, and potentially low… Continue reading Peabody Highlighted in Fuel Poverty Report
By guest writer Paul Burnham Housing associations have been breaking rent regulations all around London. If they are doing it here, they will be doing it everywhere, illigitmately generating of hundreds of thousands of pounds profit. Freedom of Information Act replies show that in one-third of boroughs, new Social Rents were set above the “Cap”… Continue reading Associations Breach Rent Caps with Impunity
HAs can generate larger profits by developing for market sale and rent than from any other activity. Inevitably, the profits are greatest in London where house prices are higher. The boards of HAs increasingly gravitate towards construction, and especially in the South East. Driven by government policy, institutions such as the regulatory bodies and the… Continue reading A Sector That’s Lost Direction
Protestors gathered outside Peabody Head Office on Wednesday 19th February 2020 to make the point that cuts to the community and neighbourhood services cost lives, and are counter-productive.
