Supervision of housing associations cautious and incomplete

Define core and secondary tasks and implement regulations quickly

The supervision of how housing associations carry out their public tasks has been cautious and incomplete in the past 20 years. The responsible ministers have relied on the efficacy of self-regulation and the internal supervision exercised by the associations┬┤ own supervisory boards. The ministers did not have a good view of the associations┬┤ commercial activities, which were loss making for the sector as a whole between 2007-2012. Housing associations did not comply with their duty to report commercial activities in advance to the minister. Little capacity was available to supervise the social housing sector or the associations.