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Support grows for inquiry into housing corporations

Wednesday 07 March 2012

Christian Democrat MPs on Wednesday called on the government to set up a parliamentary inquiry into housing corporations following a string of scandals and financial problems.

Housing corporations, originally established to house low income families, have grown into massive organisations which now control some 2.4 million homes, or around one-third of the country's housing stock.

The inquiry should focus on the housing corporation system, management, internal and external regulation and the position of tenants, the CDA MPs said. Labour MPs are also in favour of an inquiry, in parallel with tougher laws.

Biggest

In January, it emerged the Netherlands' biggest housing corporation is in financial difficulty after speculating on the financial markets on interest rates. Rotterdam-based Vestia, which manages 89,000 homes, also paid its former boss a €3.5m pay-off.

Last December, the Telegraaf reported the tax office had identified 35 property transactions involving housing corporations where there is a possibility of tax avoidance.

The giant Amsterdam corporation Rochdale is demanding €6m back from its former boss who was sacked for fraud and embezzlement in 2009. And in 2008, another Rotterdam corporation Woonbron got into difficulty over a €200m investment in a cruise ship.

© DutchNews.nl



 

Readers' Comments

So indeed some of the housing corporations are in financial trouble - but not because of having to renovate old apartments. It all comes back to fraud and mismanagement lately in the Netherlands, again and again and again. This type of mismanagement and fraud affects mainly those with a very low income here already.

By Bill | 8 March 2012 7:21 AM

 
 
 
 
 
 
 
 
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