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In his final speech as Housing Corporation Chief Executive, and as the Corporation prepares to hand over its investment role to the Homes and Communities Agency (HCA) and its regulatory role to the Tenant Services Authority (TSA), Mr Douglas charted the positive legacy of the Corporation.
He highlighted the Corporation's many achievements through its 44 year history - including the 1.27 million homes funded, the 198,224 households helped into homeownership over the last 20 years, over 250,000 homes brought up to the Decent Home Standard and the £30.9 billion in private finance invested in affordable housing matching the £20 billion of public sector investment.
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Mr Douglas said: "It is no false boast to say that the Corporation has delivered the most successful public/private partnership across the public sector in the UK.
"It will be tough, but meeting the need for affordable homes has never been greater."
Mr Douglas stressed his optimism that despite the unprecedented current economic situation, the affordable housing sector, faced with the challenge of weathering the storm and demonstrating excellence, will rise and show how it can work in collaboration with local authorities and regional and national government to deliver mixed and successful communities.
He ended his speech by saying: "To the agencies and the sector, I urge you to be bold, be innovative. The HCA will be the biggest single buyer in the housing market. Use that purchasing power wisely. The TSA will, in due course, be responsible for regulating the homes of 4 million households - quality of service delivery, I know, will be part of its core purpose.
"The sector will have a key role in helping both agencies deliver - and if there is one thing that the sector has always done, it is deliver."
(CD/JM)
