In Social Housing the essential concept of ‘Value For Money’ has been distorted and rendered no more than a bean counting exercise. How could we possibly expect anything different when responsibility for monitoring and regulation on value for money was left to the bean counters.

The Homes and Communities Agency has warned that Housing Associations must improve their performance on value for money evidence or the regulator will step in. The HCA regulators want to see:

Social landlords providing a common framework with value for money metrics against which to measure their performance.
Transparency in value for money statements.
Boards […]