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Housing association’s freeze on new development will last until financial circumstances improve, boss says

By 2024-09-18T11:55:00

southern

Southern Housing chief executive says this is the “toughest time” for housing association finances he can remember

The chief executive of Southern Housing has said the housing association’s halt to new development beyond its committed programme will last until its cash interest cover has improved.

Speaking at Housing Today Live in Westminster this morning, Paul Hackett explained that, in his 35 years working in the sector, this was the “toughest time” for housing association finances since the introduction of mixed funding in 1988

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