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Housing Associations

Volume 464: debated on Monday 8 October 2007

To ask the Secretary of State for Communities and Local Government what the legal status is of housing associations. (154384)

The term "housing association" is defined in section 1 of the Housing Associations Act 1985 for the purposes of that Act as:

“A society, body of trustees, or company—

(a) which is established for the purpose of, or amongst whose objects or powers are included those of, providing, constructing, improving or managing, or facilitating or encouraging the construction or improvement of, housing accommodation, and

(b) which does not trade for profit or whose constitution or rules prohibit the issue of capital with interest or dividend exceeding such rate as may be prescribed by the Treasury, whether with or without differentiation as between share and loan capital.”