History of Housing association
Posted on:3/27/2006
| They first appeared in the second half of the 19th century as part of the growth in philanthropic and voluntary organisations brought about by the growth of the middle classes in the wake of the Industrial Revolution. |
They first appeared in the second half of the 19th century as part of the growth in philanthropic and voluntary organisations brought about by the growth of the middle classes in the wake of the Industrial Revolution.
Housing associations increased in importance over the last decades of the 20th century due to reforms to council housing brought in by the Thatcher government, when rules were introduced that prevented councils subsidising their housing from local taxes. This, combined with cost-cutting initiatives in local government led to many councils transferring their housing stock to housing associations. These organisations are often referred to as Large Scale Voluntary Transfer organisations or Local Housing Companies.
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