Letters to the Editor.
June 9, 2006.
"The public has its eye on social
landlords' actions".
Your article, Housing associations to be hit by
tax loophole closure, (Inside Housing, May 26) begs
the question why social housing providers are
generating these levels of profit at all.
A large chunk of the social housing sector is a
big dysfunctional mess. Either the sector cleans
itself up voluntarily to the satisfaction of the
tenants or, sooner or later, all parties will find
themselves being subjected to close public scrutiny
which they might rather avoid.
Yours sincerely,
Peter Rutherford.
Independent Federation of Genesis Residents
[This letter was in response to an article in
Inside Housing which described how private
companies working with housing associations were
about to have their profits taxed. This article may
be found
here.
For the record, Genesis made a Gross
Operating Profit of about £28m profit last
year. This is £77,000 per day.]
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