Introducing fees for social housing regulation
Last updated: 5 Jan 2017
- Consulting body:
- Homes and Communities Agency
- Period of consultation:
- Runs from 25 November 2016 to 9 January 2017
- CML action:
- Response submitted
The regulator is proposing to introduce fees for regulating private registered providers of social housing in England from April 2017 in accordance with their statutory powers under the Housing and Regeneration Act 2008.
This includes a one-off fixed fee for all successful applications for initial registration and ongoing annual fee to fund the majority of costs of social housing regulation, with the remainder funded by government grant.
In the context of the announced outcome of the Tailored Review that the HCA’s regulation function should be separated from and become independent of the wider HCA, it will be vital that a reliable, sufficient, certain and sustainable income is established to fund regulation that is also independent from the Agency and, largely, from government grant-in-aid.
The fees principles, including the changes to principles 3 and 4 are relevant, sensible and appropriate for the current operating environment.
We agree with the core elements of the proposed principles, namely to introduce a one-off fixed rate fee for initial registration and an annual fee thereafter based on the number of social housing units owned.
We have no comment on the proposed fee levels or the fees scheme per se provided they are sufficient to ensure the regulator is resourced to regulate in a way that maintains lender and investor confidence post-independence from the HCA.
The actual fees scheme is a matter for the regulator to establish and justify to the regulated organisations that will pay the fees.
The full CML response to this consultation can be downloaded below.