The BDA works extensively with Housing Associations, ALMOs co-operatives,Tenant Management Organisations TMOs) and aspiring TMOs. Working with their board's, staff and tenants and
• Improving governance
• Empowering people and
• Driving performance
BDA is helping organisations to achieve effectiveness, efficiency and success across their services. Our current focus is to help housing organisations achieve a more commercial focus to meet today's challenging agenda, which has been described by Anthony Mayer, Chairman, Tenant Services Authority Consultation (Nov 2011) as:
"The context for economic regulation has changed and will continue to get more challenging. The social housing sector has proved resilient in the face of the global financial crisis. It continues to generate stable surpluses and to attract the private sector lending it needs. But the global financial crisis has changed the capacity and appetite of lenders to offer low margins and long-term debt. Providers will need to manage the impact of changes to the welfare system, which may increase the risk that some tenants do not pay all their rent. And the new affordable rent model means that providers will rely more on private finance and place more stress on their balance sheets. Some providers are diversifying and becoming more complex, potentially generating additional capacity but also taking on more risk."
"It is up to the sector to manage these opportunities and risks. But it is also incumbent on the regulator to keep pace with the sector and manage risks where it needs to. This will be the main challenge for the new independent regulation committee in the Homes and Communities Agency, which takes over responsibility for the regulatory function in April 2012."
We are currently working with housing organisations to help them deliver the HCA's new economic regulations, in particular the new VFM regulatory standard. Our specialism has been to help organisations deliver good governance and financial viability as well as effective co regulation through tenant involvement in governance structures.