The Key Reforms of the Social Housing (Regulation) Act 2023 - Transparency, Influence and Accountability Standard

In this digest, Louise Leaver and Sarah Greenhalgh look at the impact of the Transparency, Influence and Accountability Standard.

The Social Housing Regulation Act includes a range of potential governance and funding implications.

• Involving tenants within a registered providers decision making process:

  • 'meaningful involvement'
  • tenant influence and the scrutiny of policies

• Change of landlord or management arrangements

  • involvement within consultations, and when
  • delivery of social purpose
  • taking tenant feedback into consideration 
  • diverse needs

• Corporate implications

  • group structures
  • regulatory requirements
  • governance framework and structures
  • corporate documentation

• Finance arrangements

  • Loan agreements
  • 'regulation framework' definition
  • 'serious detriment' test
  • fines
  • demonstration of compliance
  • enforcement tools

NOTE: the Consumer Standards Consultation has now closed (17 October 2023)