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Report cover showing Teesside's waterways

The Operation and wind up of Teesside Development Corporation

Sir John Bourn, head of the National Audit Office, has published his report on the operation and wind up of Teesside Development Corporation. The Comptroller and Auditor General’s report is in response to concerns raised with him by three Members of Parliament for the North East of England and a former contractor of the Corporation. … Read more

Published:
27 Feb 2002
Report cover showing a modern terrace house

Regulating Housing Associations’ Management of Financial Risk

“The Corporation has a good record in preventing serious financial failure in the sector, but risk in the sector is changing. Although the Corporation is reforming its approach, we recommend further steps to protect the interests of taxpayers and tenants.”

Housing associations registered with the Housing Corporation own or manage some 1.45 million homes, a third of the social housing stock in England, housing some 3.2 million people. Over £24 billion of public money has been invested in the sector and a further £1 billion a year is planned over the coming years. These associations, known as Registered Social Landlords (RSLs), provide housing at affordable rents for the homeless and people on low income or with special needs. RSLs are responsible for managing the variety of risks that they face, while the Corporation is responsible for regulating how well they do this. The Corporation has the complex task of seeking to ensure that tenants’ homes and taxpayers’ investments are protected, while also avoiding restriction on RSLs’ scope to engage in well-managed risk taking.

Published:
19 Apr 2001

Regulating Housing Associations’ Management of Financial Risk

The housing association sector and the Housing Corporation, the sector’s regulator, are facing new and more complex financial risks, according to the National Audit Office. The Housing Corporation has started to reform the way in which it regulates associations, known as Registered Social Landlords (RSLs), but there is scope to improve regulation further. According to … Read more

Report cover showing terraced houses

Housing Corporation: Overseeing Focus Housing Association

In April 2000, three men were sentenced to prison terms for corruption in relation to the purchase of homes, between 1991 and 1995, by Focus Housing Association from a Birmingham property dealer. Sir John Bourn, head of the National Audit Office, told Parliament today that the Corporation’s routine reviews of Focus during that period did … Read more

Published:
24 Jul 2000
Report cover showing a row of houses

Managing Reductions in the Number of Vacant Family Quarters

“High levels of empty houses within the family quarters estate has been a long running problem and represent a significant drain on public resources. By implementing the NAO recommendations the Department could reduce the level of vacant housing held and could free up significant resources for the benefit of Service families through improvements to the quality of the remaining housing stock.”

Published:
27 Apr 2000
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Fire Service College Accounts 1996-97 and 1997-98

Sir John Bourn, head of the National Audit Office, today reported to Parliament that he has qualified his opinions on the above accounts because the Fire Service College could not produce reliable costing information that would confirm whether it had set its fees and charges in accordance with the Treasury Minute which defined the College’s financial objectives.

Published:
15 Dec 1999

Fire Service College Accounts 1996-97 and 1997-98

Sir John Bourn, head of the National Audit Office, today reported to Parliament that he has qualified his opinions on the above accounts because the Fire Service College could not produce reliable costing information that would confirm whether it had set its fees and charges in accordance with the Treasury Minute which defined the College’s financial objectives.