Affordable housing - annual compliance audit (1)

Meeting: 
MQT on 2016-03-16
Session date: 
March 16, 2016
Reference: 
2016/0984
Question By: 
Darren Johnson
Organisation: 
City Hall Greens
Asked Of: 
The Mayor

Question

In answer to question 2016/0637 you told me that the GLA conducts an annual compliance audit of schemes completed under its affordable housing programmes. Have there been any cases where actual rents specified in the tenancy agreement for the home have differed from the rents agreed with the GLA?

Answer

Answer for Affordable housing - annual compliance audit (1)

Answer for Affordable housing - annual compliance audit (1)

Answered By: 
The Mayor

Yes.  This can occur for various reasons, the most common of which are errors or a change in local lettings policies occurring between the time the scheme is agreed with the GLA and the tenancy agreement being signed.  Where this is identified in the compliance audit the investment partner is required to take remedial action to ensure the correct rents are reflected on the GLA investment management system.  If due to an error the rents no longer qualified as affordable under the Mayor's definition then the grant invested in that home would be recovered.