Section 8 of the Housing (Regulation of Approved Housing Bodies) Act 2019 (the 'Act') provided for the establishment of an Approved Housing Bodies Regulatory Authority (the 'Regulatory Authority') tasked with monitoring and overseeing the corporate governance and financial management of all voluntary and co-operative housing bodies when performing their functions, under the Act. This Regulatory Authority was formally established on 1 February 2021 by the Minister for Housing, Local Government and Heritage, Darragh O’Brien TD. The establishment of a regulatory framework in this sector represents a significant change in terms of the oversight that will now come into play for the 500 or so registered approved housing bodies ('AHB') in Ireland.
To read our advisory, which gives background information on AHBs, an overview of functions performed by the Regulatory Authority, changing rules and next steps for AHBs, click here:
