Welfare changes impact Housing Associations

Government cuts to welfare have made a significant impact not just on claimants but just as importantly to housing associations, the lifeblood of whom, is the rent and service charge roll often funded through the welfare system. 

Although there have been few if any insolvencies in this sector, it is important that boards pay attention to risk and ensure that they fully understand the complexity of their financial arrangements, particularly where important matters such as VAT are concerned.  

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