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Group overview 2010 - Riverside

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National profile and policy<br />

We are working in extraordinary times.<br />

Housing has shot to the top of the political<br />

agenda, as rising house prices over recent<br />

years have fuelled a national affordability<br />

crisis and first time buyers have struggled<br />

to get a foot on the ladder.<br />

As one of the top five housing associations in<br />

the country, we must be involved in the debate<br />

about these challenges, influencing the future<br />

shape of affordable housing provision rather<br />

than waiting for events to unfold.<br />

The Government has responded with a<br />

demanding target to build 3 million extra<br />

homes by 2020, providing over £8 billion of<br />

funding for affordable housing from 2008-11.<br />

A new Housing and Regeneration Act has<br />

created two new national bodies: the Homes<br />

and Communities Agency to oversee the<br />

delivery of new homes and regeneration; and<br />

the Tenant Services Authority, a new regulator<br />

for social housing. But delivery will not be<br />

straightforward. We are now seeing a<br />

plummeting housing market, compounded by<br />

an international ‘credit crunch’.<br />

26

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