Housing associations will have to take some particularly difficult decisions over their core function by 2033. These will be influenced by their individual view of social purpose, charitable objectives and business priorities, but increasingly by wider Government policy and the housing market.
Some housing associations will want to focus on providing housing for the most vulnerable and excluded. However, with the potential for further changes to welfare and support services, this is not a strategy without risk.
Others will want to continue to grow and diversify and identify other ways of generating income, perhaps by investing in a range of (social) enterprises to deliver income streams.
Some housing associations may take a pronounced move into housing those aspirational, low-to-middle income households, increasingly unable to meet their needs on the open market, focussing almost exclusively on outright sale, market rent, shared equity, shared ownership and rent to buy.
Housing associations could operate differently in different markets but still be bound together through a shared history or the sense of a single sector may no longer exist in the same way, with new hybrid models of private, public and voluntary beginning to take shape.