delete Transfer of Functions from the HCA to the Regulator of Social Housing
This Order establishes the Regulator of Social Housing as a new body by transferring functions from the Regulation Committee of the Homes and Communities Agency (HCA). It includes provisions for abolishing the Regulation Committee, creating the new Regulator, transferring property/rights/liabilities, and transitional savings. Part 2 makes consequential amendments to other enactments.
This Order merely reorganises regulatory architecture without altering the underlying regulatory burden on social housing providers. Social housing regulation inherently distorts the housing market by redirecting resources according to political criteria rather than demand signals, and consolidates a system of rent controls and state funding that reduces supply elasticity. The transfer of functions to a dedicated Regulator actually entrenches and potentially expands regulatory oversight of social housing without justification of market outcomes. The unseen costs include perpetuating a regulatory regime that reduces incentives for private sector participation in housing, distorts investment signals, and maintains artificial scarcity through planning restrictions embedded within the social housing framework.