Magazine article Public Finance

Smaller RSLs Prove More Cost-Effective

Magazine article Public Finance

Smaller RSLs Prove More Cost-Effective

Article excerpt

Smaller landlords have again emerged as the most cost effective in the Housing Corporation's latest tables comparing the financial performance of housing associations.

The tables, published on April 19, are a third attempt to show the operating costs of registered social landlords, although the first, almost two years ago, was largely discredited after it was wrongly labelled as an efficiency index.

Jon Rouse, the corporations chief executive, heralded this week's results, based on 2004/05 returns, as the most accurate yet. For the first time, income from non-letting activities such as community services have been taken into account, along with the condition of assets.

'We want to understand how associations are seeking to deliver improved efficiency and effectiveness,' said Rouse. 'We believe that the publication of these indices, alongside performance indicators, will help associations and ourselves to focus on the right issues'

For the second year running, two sets of operating costs are calculated for more than 450 RSLs - with and without major repairs. …

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