CIH invests more in housing sector despite downturn
The Chartered Institute of Housing (CIH) supported excellence in the housing sector with over £11 million investment in charitable activities in 2009, an increase of seven per cent on the previous year.
During a challenging year for many of its members CIH continued to support housing professionals and their organisations to do life changing work by providing education, training, policy making networks, events and good practice information, as well as championing their work with all UK governments and policy makers.
Sarah Webb, CIH Chief Executive, said: "Despite the challenges of the recession, our membership continues to grow, the money we plough back into the sector has never been greater and we continue to play a leading role in shaping housing policy at a national level.
"As the leading provider of learning opportunities in housing we also ensure that individuals working in the sector have the broad range of skills they need – and that employers have access to a flexible workforce that can adapt to changing demands in a tough economic climate."
Highlights of 2009 include:
- private tenants, who were at risk of losing their homes when their landlords were repossessed, gained greater protection thanks to a campaign from CIH, Citizens Advice, Crisis and Shelter
- a new Commission on the Future of Housing for Northern Ireland, facilitated by CIH, was set up to help shape a long term vision for housing in 2020
- councils will hopefully have greater freedom to build homes thanks to reform of the council housing financing system in England which CIH campaigned for five years to change
- a UK-wide review of Housing Benefit took place that will ensure it supports people back into work rather than creating a barrier. CIH led the sector in debating the reform
- CIH played a key role in the work of the Essex Review of social housing in Wales
- CIH helped shape the new regulatory framework in England, which will hopefully drive forward change and improvements for tenants across the whole of social housing whatever changes are ahead
- close to 2,000 new students enrolled on CIH qualifications and by the end of 2009 over 4,600 people were studying housing – of whom 20 per cent come from a BME background
- over 150 housing providers in the UK took guidance from CIH’s financial inclusion advisors to develop their support for vulnerable residents
The CIH group saw an increase in its net worth of £284,000 in 2009, while absorbing a reduction of £312,000 in property value – part of the nationwide downturn in commercial property values over the last two years. Prudent investment management allowed CIH to participate in the recovery of the stock market and saw the value of its quoted investments increase by over £1 million. An increase in incoming resources of 3 per cent in 2009 allowed CIH to increase its investment in the housing sector by 7 per cent.