Recommendation 15

While we welcome the steps the Government has taken to rebuild the sector’s financial capacity, a lot of the extra rental income social landlords receive could be absorbed by the new compliance costs placed on them, thereby limiting their ability to invest in new social homes. Even with the Government’s investment in social homes and the changes to the rent settlement, we concerned that the sector will not have sufficient resources to effectively meet the Government’s new social homes target while also raising standards over the decade. (Conclusion, Paragraph 63) 47