Community Benefit Society

For a more detailed report from TPAS, please have a look their their report here.

Recently, our Director of Operations, Steve Hepworth, gave a talk to Community Voice members. You can find a copy of the presentation here, as well as the existing Articles of Association (the company rules) here, and the proposed new rules here.

FAQs

Have you got any questions? Please have a look at the frequently asked questions below:

Does a Community Benefit Society have to charge social rents?

Ongo has to charge social or affordable rents because it is registered with the Homes and Communities Agency. It must comply with the Rent Standard. Ongo’s company form (limited company, CBS or charity) does not affect this requirement. 

Does a Community Benefit Society have to give assured tenancies?

Ongo has to give assured tenancies because it is registered with the Homes and Communities Agency. It must comply with the Tenancy Standard. Ongo’s company form (limited company, CBS or charity) does not affect this requirement. 

Can a Community Benefit Society offer the Right to Buy?

Yes. The funds raised would have to be reinvested to support the society’s objectives. This would apply to sale of any asset owned by Ongo.

Can a Community Benefit Society sell tenanted homes?

Ongo’s company form (limited company, CBS or charity) does not affect its ability to sell tenanted homes. HCA regulation used to mean tenanted homes could only be sold to another registered provider. The Housing and Planning Act 2016 removes that restriction. 

Can a Community Benefit Society be bought by a private company?

A CBS cannot be sold to a company that wishes to make a profit from its assets. If a CBS is sold or merges with another company its assets must still be used for the benefit of the community. This means private shareholders could not make a profit from Ongo’s homes. Current members of the company would have to agree to any change in ownership. 

Would tenants’ opportunities to get involved change?

Some of Ongo’s opportunities for involvement are included in the company rules. The draft rules for the CBS contain the same provisions. There is nothing about a CBS that would require any changes to other existing opportunities.

Would tenants’ services change?

Some of Ongo’s opportunities for involvement are included in the company rules. The draft rules for the CBS contain the same provisions. There is nothing about a CBS that would require any changes to other existing opportunities.

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