NI Housing Associations perform better than UK counterparts

Analysis by NICVA to be launched on Thursday 23rd October will show that the Housing Association sector in NI is growing at more than double the rate of those in the UK.

The UK comparison

According to the NICVA research, growth of housing association homes was up 5.4% in Northern Ireland over the financial year, compared with 2.4% in England, 2% in Wales and 0% in Scotland.

Cameron Watt, chief executive of NIFHA, said:

‘It’s not a precise analysis but it does show that Northern Ireland is performing well compared with the rest of the UK.’
‘It shows that our housing associations are stepping up to the challenge of meeting housing need and that, relative to the rest of the UK, we’re doing well in meeting this need.’

Breakdown of Figures

A breakdown of the number show that Northern Ireland housing associations have;

• £624m cumulative private finance raised (+6.5%)
• £203m turnover for the year 2013/2014 (+9.7%)
• £52m operating surplus (+7.9%)
• 2,959 people employed directly in the sector (+3.7%)
• £27.7m in interest payments (+14.1%)

Source: Global accounts 2013/14