The sector spans 438 registered approved housing bodies, which manage 68,000 homes with €1.95bn in annual rent and nearly €10bn in assets. Photograph: Chris Ratcliffe/BloombergMore than half the not-for-profit housing bodies that underwent regulatory assessment were “non-compliant” with sectoral rules, said housing supervisors in a new report calling for improvements in the way many groups are run. The 2024 annual report from the Approved Housing Bodies Regulatory Authority set out the need for action in the areas of governance and risk, finance, property and asset management and tenant management. The authority oversees hundreds of not-for-profit approved housing bodies (AHBs) that receive public funds to provide affordable housing to tenants. Another 13 housing bodies, comprising 40 per cent of those assessed, were found to be “non-compliant working towards compliance”.
