The functions and powers of the AHBRA are in accordance with the legal framework set out in the Housing (Regulation of Approved Housing Bodies) Act 2019 (the Act).
The powers and functions of the AHBRA will be commenced on a phased basis throughout 2021 and 2022, with the AHBRA anticipated to become operational in early 2022.
The Functions of the AHBRA
The AHBRA will be responsible for several functions, including to:
- establish and maintain a register of AHBs
- register persons as AHBs
- prepare draft standards for approval by the Minister and publish
- monitor and assess compliance by AHBs
- carry out investigations under Part 5 (of the Act)
- under Part 6 (of the Act) protect tenants and AHBs and cancel the registration of AHBs
- encourage and facilitate the better governance, administration and management including corporate governance and financial management, of AHBs
- promote awareness and understanding of the Act
- collect such information concerning AHBs as the Regulator considers necessary and appropriate for the purposes of the performance of the Regulator’s functions,
- publish such information (including statistical information) concerning AHBs as the Regulator considers appropriate.
The AHBRA will have responsibility for establishing and maintaining a register of AHBs, preparing standards by which AHBs will be monitored and assessed, and encouraging and facilitating the better governance, administration and management, including corporate governance and financial management of AHBs. The Regulator will also have powers to carry out investigations and cancel the registration of AHBs.
The AHBRA in 2021
The year 2021 is seen largely as an implementation and build period, with AHBRA anticipated to be operational in 2022.
Our key function for 2021 is to promote awareness and understanding of the Act. A series of webinars for AHBs are planned, to provide further information on our role and the requirements for AHBs. The AHBRA recently issued an FAQ document that provides information about the AHBRA and the Act. Further information will also be posted on social media and AHBs are recommended to connect on LinkedIn and Twitter (@AHBregulator).
All AHBs are strongly encouraged to join the mailing list to receive AHBRA information and invites to educational webinars by emailing email@example.com.
A Strategy Statement is anticipated to be submitted to the Minister for approval in August 2021. The strategy statement will set out the mission, vision and values of the AHBRA, together with its strategic objectives over the next three years.