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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.  

Please note that the above is provided for illustration purposes only and comprises a short view of extremely complex insolvency and other legislation. This is a complicated area and specific advice must be sought before undertaking any course of action or before refraining from any course of action. Gore and Company takes no responsibility for any loss incurred to or by any person who either acts or refrains from acting on the basis of the above or of any other item published on this website. The above note may not be reproduced without the prior written consent of Gore and Company.

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