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The board of directors is the highest governing body of a housing association. They are responsible for setting the strategic direction of the organization, overseeing its financial performance, and ensuring that it complies with all applicable laws and regulations. The board is also responsible for hiring and firing the CEO and other key executives.
2. Tenants
Tenants are the ultimate beneficiaries of housing associations. They have a right to expect that their landlords will provide safe, decent, and affordable housing. They also have a right to be involved in the decision-making processes that affect their homes.
3. Local Authorities
Local authorities have a statutory responsibility to ensure that housing associations meet certain standards. They have the power to inspect housing associations, fine them for violations, and even take over their management if necessary.
4. Central Government
The central government provides funding for housing associations through a variety of programs. They also set national standards for housing quality and affordability.
5. Regulators
Housing associations are also regulated by a number of independent agencies. These agencies have the power to investigate complaints, conduct inspections, and impose penalties.
By working together, these stakeholder groups can help to ensure that housing associations are meeting the needs of their tenants and communities.