File: /home/roofmagazine.org.uk/public_html/roofblog/2008/11/housing_associations_want_funds_now.html
<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Strict//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-strict.dtd">
<html>
<head>
<title>ROOF Magazine - ROOF Blog - The FSA lays down the law</title>
<link rel="canonical" href="https://roofmagazine.org.uk/roofblog/2008/11/housing_associations_want_funds_now" />
<link rel="shortcut icon" href="../../../images/roof/favicon.ico"/>
<meta http-equiv="content-type" content="text/html; charset=utf-8"/>
<meta name="Title" content="ROOF Magazine - The FSA lays down the law"/>
<meta name="Description" content="The Financial Services Authority (FSA) has written to the chief executives of all mortgage lenders giving them until 31 January to�"/>
<meta name="Subject" content="The FSA lays down the law"/>
<meta name="Publisher" content="ROOF Magazine, Shelter, 88 Old Street, London EC1V 9HU United Kingdom; roof@shelter.org.uk."/>
<meta name="Date" content="28 November 2023"/>
<meta name="Keywords" content="mortgage, arrears, repossession, lenders, FSA"/>
<link rel="stylesheet" type="text/css" href="../../../roof_styles/reset.css"/>
<link rel="stylesheet" type="text/css" href="../../../roof_styles/roofstyles.css"/>
<script type="text/javascript" src="../../../scripts/jquery.js"></script>
<script type="text/javascript" src="../../../roof_scripts/basicscripts.js"></script>
<script type="text/javascript" src="../../../roof_scripts/blog_scripts.js"></script>
<!--[if lt IE 7]>
<link rel="stylesheet" type="text/css" href="http://www.roofmagazine.org.uk/roof_styles/ie_less_seven.css" />
<![endif]-->
<!--[if lte IE 6]>
<style type="text/css">
.clearfix { height: 1%; }
</style>
<![endif]-->
<!--[if IE 7]>
<style type="text/css">
.clearfix {display:inline-block;}
</style>
<![endif]-->
</head>
<body>
<script type="text/javascript">
try {
} catch(err) {}</script>
<!--div id="baseline"></div-->
<!--div id="columns"><div id="columns_bg"></div></div-->
<div id="container" class="clearfix">
<a name="topofpage"></a>
<div class="line" id="adbar60">
<div id="toplh_ad">
<a href="/" target="_blank"><img src="../../../openx/www/images/homelessness_conf_2010.homelessanim.gif" width="468" height="60" alt="Lime Legal" title="Lime Legal" border="0"/></a><div id="beacon_f006bbc047" style="position: absolute; left: 0px; top: 0px; visibility: hidden;"></div>
</div>
<div id="toprh_ad">
<a href="/" target="_blank"><img src="../../../openx/www/images/localgovbanner.gif" width="468" height="60" alt="LocalGov" title="LocalGov" border="0"/></a><div id="beacon_25f66c2bfc" style="position: absolute; left: 0px; top: 0px; visibility: hidden;"></div>
</div>
</div>
<div class="line">
<div class="item" id="header">
<div class="sap-content">
<a href="/"><img src="../../../images/roof/roof_logo_final.png" alt="ROOF - For better housing" id="roof_logo"/></a>
<ul id="main_navigation">
<li><a href="../../../roofblog">Blog</a></li>
<li><a href="../../../features">Features</a></li>
<li><a href="../../../opinion">Opinion</a></li>
<li><a href="../../../jobs">Jobs</a></li>
<li><a href="../../../diary">Diary</a></li>
<li class="final_item"><a href="../../../about">About ROOF</a></li>
</ul>
<form method="post" action="/">
<div class="hiddenFields">
<input type="hidden" name="ACT" value="19"/>
<input type="hidden" name="XID" value="1262ab3ca21a58e4adccbe3c471a6821"/>
<input type="hidden" name="RP" value="search&#47;results"/>
<input type="hidden" name="NRP" value=""/>
<input type="hidden" name="RES" value="10"/>
<input type="hidden" name="status" value=""/>
<input type="hidden" name="weblog" value="features|diary|roofblog|opinion|about"/>
<input type="hidden" name="search_in" value="everywhere"/>
<input type="hidden" name="where" value="all"/>
<input type="hidden" name="site_id" value="1"/>
</div>
<div id="searchbox">
<input type="text" name="keywords" id="main_searchfield" value="Search this site"/>
<button id="main_search_button" type="submit"></button>
</div>
</form>
<div id="subscription_promo">
<p id="promo_text">Online access is now Free. If you have an existing subscription <a href="../../../subscriptions">click here</a> for more information</p>
<!--p id="password_reminder"><a href="https://roofmagazine.org.uk/subscriptions/reset_password.php">Forgot your password?</a></p-->
</div>
<!--div id="login_instruction">Login for your online access: </div--><!--div class="item" id="login_box"><form method="post" action="http://www.roofmagazine.org.uk/" >
<div class='hiddenFields'>
<input type="hidden" name="XID" value="7905cec28ced158ef608529104a0bb02" />
<input type="hidden" name="ACT" value="9" />
<input type="hidden" name="RET" value="//roofblog/2008/11/housing_associations_want_funds_now/" />
<input type="hidden" name="site_id" value="1" />
</div>
<input type="text" id="login_user_name" value="ROOF reference" name="username" />
<input type="password" id="login_password" value="Password" name="password" />
<input type="submit" name="submit" value="Login" id="login_button" />
</form>
</div-->
</div>
</div>
</div>
<div class="line clearfix">
<div class="item" id="content_column_blog">
<ul id="breadcrumb_trail" class="clearfix">
<li><a href="/">ROOF</a></li>
<li><a href="../../../roofblog">ROOF Blog</a></li><li><a href="../../../roofblog/2008/11">November 2008</a></li>
<li>The FSA lays down the law</li></ul>
<div id="blog_single">
<div class="blog_item clearfix">
<h1>Housing associations want funds now</h1>
<div class="clearfix">
<div class="post_details">
<p class="blog_date">26/11/2023</p>
<p class="blog_author"><strong>Posted by:</strong><br/>AJ Williamson</p>
</div>
<div class="summary">
<p>The <a href="http://www.housing.org.uk/Default.aspx?tabid=978&mid=828&ctl=Details&ArticleID=1731" title="National Housing Federation">National Housing Federation</a> (NHF) has welcomed the government’s pre-budget report that <b>money for social houses </b>will be brought forward, but called for the funding rules to be changed immediately. The NHF said that unless money is used to pay builders of new social homes higher grant rates, the supply of new affordable housing could dry up next year. HAs currently pay around 60 per cent of the costs of building new social homes through raising cash from private lenders and selling homes on the private market, with government grants covering the remaining 40 per cent. However, the credit crunch has affected badly the ability of the associations to sell on the open market, and the money that the government is bringing forward must be used to pay for increased grants.
</p>
</div>
<div class="blogbody">
</div>
<div class="blogextended">
</div>
</div>
<div class="blog_tags">
<div id="sharethis">
<a href="http://www.addthis.com/bookmark.php" onclick="return addthis_open(this, 'email', '[URL]', '[TITLE]');" border="0" class="at_email">Email this</a>
<a href="http://www.addthis.com/bookmark.php?v=250&pub=xa-4a48c802796d85f1" onmouseover="return addthis_open(this, '', '[URL]', '[TITLE]')" onmouseout="addthis_close()" onclick="return addthis_sendto()" class="at_share">Share this</a>
<script type="text/javascript" src="../../../js/250/addthis_widget-pub-xa-4a48c802796d85f1.js"></script>
</div>
<p><strong>Tags: </strong><a href="../../../roofblog/tags/tag/affordable-housing" title="affordable housing">affordable housing</a>, <a href="../../../roofblog/tags/tag/social-housing" title="social housing">social housing</a>, <a href="../../../roofblog/tags/tag/housing-association" title="housing association">housing association</a>, <a href="../../../roofblog/tags/tag/credit-crisis" title="credit crisis">credit crisis</a>, <a href="../../../roofblog/tags/tag/social-landlords" title="social landlords">social landlords</a>, <a href="../../../roofblog/tags/tag/house-shortage" title="house shortage">house shortage</a>, <a href="../../../roofblog/tags/tag/pre-budget-report" title="pre-budget report">pre-budget report</a<>
</div>
<div id="nextprev" class="clearfix">
<p id="previous_link"><strong>Previous article:</strong> <a href="../../../roofblog/2008/11/housing_association_starts_down_five_per_cent">Housing association starts down five per cent</a></p>
<p id="next_link"><strong>Next article</strong> <a href="../../../roofblog/2008/11/right_to_buy_ban_sought">Right to buy ban sought</a></p>
</div>
</div>
<div id="comment_list">
<a name="comments"></a>
<h3>Comments:</h3>
<div class="comment_text">
<p>No comments have been made on this article yet.</p>
</div>
</div>
<form id="comment_form" method="post" action="../../../roofblog/2008/11/housing_associations_want_funds_now">
<div class="hiddenFields">
<input type="hidden" name="ACT" value="1"/>
<input type="hidden" name="RET" value="http://www.roofmagazine.org.uk/roofblog/2008/11/housing_associations_want_funds_now/"/>
<input type="hidden" name="URI" value="/roofblog/2008/11/housing_associations_want_funds_now/"/>
<input type="hidden" name="PRV" value=""/>
<input type="hidden" name="XID" value="cd10ef2759da2b69b4f215d43ca82bc0"/>
<input type="hidden" name="entry_id" value="735"/>
<input type="hidden" name="site_id" value="1"/>
</div>
<div id="comment_input">
<h3>Leave a comment</h3>
<p id="comment_name_field"><label for="comment_name">Name:</label><br/><input name="name" id="comment_name" type="text" value=""/></p>
<p id="comment_email_field"><label for="comment_email">Email:</label><br/><input name="email" id="comment_email" type="text" value=""/></p>
<p><textarea name="comment" id="comment" cols="50" rows="10"></textarea></p>
<div id="captcha_fields">
<p>Enter the word you see below:<br/> <input type="text" name="captcha" value="" size="20" maxlength="20"/></p>
</div>
<p><input type="submit" name="submit" value="Submit" id="submit_comment"/></p>
<!--p><input type="submit" name="preview" value="Preview" id="preview_comment" /></p-->
</div>
</form>
</div>
</div>
<div id="blog_rh_col" class="item">
<div id="mpu_ad_area">
<a href="/" target="_blank"><img src="../../../openx/www/images/hcsroofbanner.gif" width="300" height="250" alt="Housing Care and Support conference" title="Housing Care and Support conference" border="0"/></a><div id="beacon_913ff413cd" style="position: absolute; left: 0px; top: 0px; visibility: hidden;"></div>
</div>
<div class="" id="blog_tags_column_nested">
<form id="mailinglist_form" method="post" action="/">
<div class="hiddenFields">
<input type="hidden" name="XID" value="a88d37ec61793c8d6f118e3d90c2d80e"/>
<input type="hidden" name="ACT" value="3"/>
<input type="hidden" name="RET" value="http://www.roofmagazine.org.uk/roofblog/2008/11/housing_associations_want_funds_now/"/>
<input type="hidden" name="list" value="blog_notification"/>
<input type="hidden" name="site_id" value="1"/>
</div>
<div id="mailinglistbox" class="clearfix">
<h3>Join the ROOF mailing list</h3>
<p>Receive notification via email of new posts on the ROOF Blog</p>
<p><input id="mailing_email" type="text" name="email" value="Your email"/></p>
<p><input id="mail_submit" type="submit" value="Submit"/></p>
</div>
</form>
<div id="tag_cloud">
<h3>All tags</h3>
<div id="cloud">
<a href="../../../roofblog/tags/tag/2020" title="2020" style="font-size:10px;">2020,</a>
<a href="../../../roofblog/tags/tag/A-E" title="A&E" style="font-size:10px;">A&E;,</a>
<a href="../../../roofblog/tags/tag/accessibility" title="accessibility" style="font-size:10px;">accessibility,</a>
<a href="../../../roofblog/tags/tag/accommodation" title="accommodation" style="font-size:10px;">accommodation,</a>
<a href="../../../roofblog/tags/tag/activism" title="activism" style="font-size:10px;">activism,</a>
<a href="../../../roofblog/tags/tag/admissions" title="admissions" style="font-size:10px;">admissions,</a>
<a href="../../../roofblog/tags/tag/adults" title="adults" style="font-size:10px;">adults,</a>
<a href="../../../roofblog/tags/tag/advertising" title="advertising" style="font-size:10px;">advertising,</a>
<a href="../../../roofblog/tags/tag/advice" title="advice" style="font-size:10px;">advice,</a>
<a href="../../../roofblog/tags/tag/advice-service" title="advice service" style="font-size:10px;">advice service,</a>
<a href="../../../roofblog/tags/tag/affluence" title="affluence" style="font-size:10px;">affluence,</a>
<a href="../../../roofblog/tags/tag/affordability" title="affordability" style="font-size:18px;">affordability,</a>
<a href="../../../roofblog/tags/tag/affordability" title="Affordability" style="font-size:12px;">Affordability,</a>
<a href="../../../roofblog/tags/tag/affordable" title="affordable" style="font-size:10px;">affordable,</a>
<a href="../../../roofblog/tags/tag/affordable-homes" title="affordable homes" style="font-size:16px;">affordable homes,</a>
<a href="../../../roofblog/tags/tag/affordable-housing" title="affordable housing" style="font-size:12px;">affordable housing,</a>
<a href="../../../roofblog/tags/tag/affordable-rent" title="affordable rent" style="font-size:10px;">affordable rent,</a>
<a href="../../../roofblog/tags/tag/ageing-population" title="ageing population" style="font-size:10px;">ageing population,</a>
<a href="../../../roofblog/tags/tag/agency" title="agency" style="font-size:10px;">agency,</a>
<a href="../../../roofblog/tags/tag/agents" title="agents" style="font-size:10px;">agents,</a>
</div>
</div>
<div id="blog_archives">
<h3>Blog archive</h3>
<h4>2010</h4>
<ul id="months_2010">
<li><a href="../../../roofblog/2010/03">March 2010</a></li>
<li><a href="../../../roofblog/2010/02">February 2010</a></li>
<li><a href="../../../roofblog/2010/01">January 2010</a></li>
</ul>
<h4>2009</h4>
<ul id="months_2009">
<li><a href="../../../roofblog/2009/12">December 2009</a></li>
<li><a href="../../../roofblog/2009/11">November 2009</a></li>
<li><a href="../../../roofblog/2009/10">October 2009</a></li>
<li><a href="../../../roofblog/2009/09">September 2009</a></li>
<li><a href="../../../roofblog/2009/08">August 2009</a></li>
<li><a href="../../../roofblog/2009/07">July 2009</a></li>
<li><a href="../../../roofblog/2009/06">June 2009</a></li>
<li><a href="../../../roofblog/2009/05">May 2009</a></li>
<li><a href="../../../roofblog/2009/04">April 2009</a></li>
<li><a href="../../../roofblog/2009/03">March 2009</a></li>
<li><a href="../../../roofblog/2009/02">February 2009</a></li>
<li><a href="../../../roofblog/2009/01">January 2009</a></li>
</ul>
<h4>2008</h4>
<ul id="months_2008">
<li><a href="../../../roofblog/2008/12">December 2008</a></li>
<li><a href="../../../roofblog/2008/11">November 2008</a></li>
<li><a href="../../../roofblog/2008/10">October 2008</a></li>
<li><a href="../../../roofblog/2008/09">September 2008</a></li>
<li><a href="../../../roofblog/2008/08">August 2008</a></li>
<li><a href="../../../roofblog/2008/07">July 2008</a></li>
<li><a href="../../../roofblog/2008/06">June 2008</a></li>
<li><a href="../../../roofblog/2008/05">May 2008</a></li>
<li><a href="../../../roofblog/2008/04">April 2008</a></li>
<li><a href="../../../roofblog/2008/03">March 2008</a></li>
<li><a href="../../../roofblog/2008/02">February 2008</a></li>
<li><a href="../../../roofblog/2008/01">January 2008</a></li>
</ul>
<h4>2007</h4>
<ul id="months_2007">
<li><a href="../../../roofblog/2007/12">December 2007</a></li>
<li><a href="../../../roofblog/2007/11">November 2007</a></li>
<li><a href="../../../roofblog/2007/10">October 2007</a></li>
<li><a href="../../../roofblog/2007/09">September 2007</a></li>
<li><a href="../../../roofblog/2007/08">August 2007</a></li>
<li><a href="../../../roofblog/2007/07">July 2007</a></li>
<li><a href="../../../roofblog/2007/06">June 2007</a></li>
<li><a href="../../../roofblog/2007/05">May 2007</a></li>
<li><a href="../../../roofblog/2007/04">April 2007</a></li>
<li><a href="../../../roofblog/2007/03">March 2007</a></li>
<li><a href="../../../roofblog/2007/02">February 2007</a></li>
<li><a href="../../../roofblog/2007/01">January 2007</a></li>
</ul>
<h4>2006</h4>
<ul id="months_2006">
<li><a href="../../../roofblog/2006/12">December 2006</a></li>
<li><a href="../../../roofblog/2006/11">November 2006</a></li>
<li><a href="../../../roofblog/2006/10">October 2006</a></li>
<li><a href="../../../roofblog/2006/09">September 2006</a></li>
</ul>
</div>
</div>
<div class="" id="advertising_column_blog">
<script type="text/javascript"><!--//<![CDATA[
var m3_u = (location.protocol=='https:'?'https://roofmagazine.org.uk/openx/www/delivery/ajs.php':'/');
var m3_r = Math.floor(Math.random()*99999999999);
if (!document.MAX_used) document.MAX_used = ',';
document.write ("<scr"+"ipt type='text/javascript' src='"+m3_u);
document.write ("?zoneid=1");
document.write ('&cb=' + m3_r);
if (document.MAX_used != ',') document.write ("&exclude=" + document.MAX_used);
document.write (document.charset ? '&charset='+document.charset : (document.characterSet ? '&charset='+document.characterSet : ''));
document.write ("&loc=" + escape(window.location));
if (document.referrer) document.write ("&referer=" + escape(document.referrer));
if (document.context) document.write ("&context=" + escape(document.context));
if (document.mmm_fo) document.write ("&mmm_fo=1");
document.write ("'><\/scr"+"ipt>");
//]]>--></script><noscript><a href="/" target="_blank"><img src="../../../openx/www/delivery/avw_php-zoneid-1-cb-INSERT_RANDOM_NUMBER_HERE-n-aa9d368a.jpg" border="0" alt=""/></a></noscript>
<div id="google_160">
<script type="text/javascript"><!--
/* 160x600, created 2/3/09 */
//-->
</script>
</div>
</div>
</div>
</div>
<div class="line">
<div class="item" id="btt">
<p><a href="#topofpage">Back to top of page</a></p>
</div>
</div>
<div class="line">
<div class="item" id="footer">
<div id="footer_menu">
<h3><a href="../../../about">About this site</a></h3>
<ul>
<li><a href="http://england.shelter.org.uk/shop/subscriptions/roof_magazine">Subscriptions information</a></li>
<li><a href="../../../about/copyright">Disclaimer and copyright</a></li>
<li><a href="../../../about/privacy">Privacy policy</a></li>
</ul>
</div>
<p id="roof_contact">© 2005-09 ROOF Magazine | ROOF 88 Old Street, London EC1V 9HU</p>
<script type="text/javascript">
try {
} catch(err) {}</script>
</div>
</div>
</div>
</body>
</html>