Explanatory note

This Order transfers certain functions of the Housing Corporation to the Homes and Communities Agency or the Regulator of Social Housing or both and makes consequential modifications to reflect that transfer.

The Housing Corporation is currently responsible in England for providing financial assistance in relation to housing and for the regulation of registered social landlords. The Housing and Regeneration Act 2008 establishes two new bodies, the Homes and Communities Agency and the Regulator of Social Housing with new powers to carry on these activities.

Section 67 of that Act permits the making of transitional arrangements to enable the existing functions of the Housing Corporation to be transferred to the Homes and Communities Agency or the Regulator of Social Housing or both until those functions are superseded. This Order transfers functions relating to the regulation of social housing to the regulator and functions relating to the provision of financial assistance to the Homes and Communities Agency. It also includes transitional and saving provisions. In particular articles 4 and 5 provide for relationship between the regulator and the Homes and Communities Agency during the transitional period by making provision similar to that contained in sections 106 and 148 of the 2008 Act.