Part 2 E+WRegulation of Social Housing

Modifications etc. (not altering text)

C1 Pt. 2 modified (1.4.2012) by Localism Act 2011 (c. 20), s. 240(2), Sch. 16 para. 69(2); S.I. 2012/628, art. 6(i) (with arts. 9 11 14 15 17)

Chapter 2 E+WThe Social Housing Regulator

[F1 Fundamental objectives E+W

Textual Amendments

F1 Ss. 92A-92K and cross-heading inserted (15.1.2012 for the insertion of ss. 92B(1), 92C, 92D, 92E, 92F, 92G, 92H, 92I, 1.4.2012 in so far as not already in force) by Localism Act 2011 (c. 20), s. 240(2), Sch. 16 para. 26 (with Sch. 16 para. 69); S.I. 2012/57, art. 4(1)(t)(ii) (with arts. 6 7 9-11); S.I. 2012/628, art. 6(i) (with arts. 9 11 14 15 17)

92K Fundamental objectives E+W

(1) The regulator must perform its functions with a view to achieving (so far as is possible)—

(a) the economic regulation objective, and

(b) the consumer regulation objective.

(2) The economic regulation objective is—

(a) to ensure that registered providers of social housing are financially viable and properly managed, and perform their functions efficiently and economically,

(b) to support the provision of social housing sufficient to meet reasonable demands (including by encouraging and promoting private investment in social housing),

(c) to ensure that value for money is obtained from public investment in social housing,

(d) to ensure that an unreasonable burden is not imposed (directly or indirectly) on public funds, and

(e) to guard against the misuse of public funds.

(3) The consumer regulation objective is—

(a) to support the provision of social housing that is well-managed and of appropriate quality,

(b) to ensure that actual or potential tenants of social housing have an appropriate degree of choice and protection,

(c) to ensure that tenants of social housing have the opportunity to be involved in its management and to hold their landlords to account, and

(d) to encourage registered providers of social housing to contribute to the environmental, social and economic well-being of the areas in which the housing is situated.

(4) The objectives are referred to in this Part as the regulator's fundamental objectives.

(5) The regulator must exercise its functions in a way that—

(a) minimises interference, and

(b) (so far as is possible) is proportionate, consistent, transparent and accountable.]