Mounting fears over future of housing associations

The financial health of some of Britain’s largest housing associations (HAs) is being questioned following the admission on Tuesday by the Tenant Services Authority that six were on a watch list. In parliament yesterday Vince Cable asked the government was it proposed to do about those facing ‘grave financial difficulty’ and in ‘danger of collapse’. He said HAs had ‘got into bed’ with developers to promote shared ownership schemes on properties they can no longer get rid of, and as a result they ran the risk of going bust or a the last merging with a healthier association.