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Transcripts For BBCNEWS The Housing Benefit Millionaire 20240707

and claims the charity has been failing some tenants. it doesn t feel like home, it feels like a prison. it was destroyed, absolutely destroyed. i ve never seen anything like it. we ask, is public money being exploited for private gain? it s a really wild west system i and the winners are the people creaming off quite often very large profits. - boats like this don t come cheap. most people would never have the opportunity to own a boat like this. it would cost you more than a couple of hundred grand, and you can see why. one just like this was bought by a property developer called paul o rourke. here he is explaining his business model. we are a private limited company that buys properties for one price, develops them, and sells them for another and that s what we do as a business. there is a bit more to it than that. and it s all about the housing benefit that can be claimed to house vulnerable people who need support. the government calls it exempt accommodation. exempt ac

Transcripts For BBCNEWS The Housing Benefit Millionaire 20240707

and that s what we do as a business. there is a bit more to it than that. and it s all about the housing benefit that can be claimed to house vulnerable people who need support. the government calls it exempt accommodation. exempt accommodation is a particular type of supported housing which is exempt from having benefit regulations, which means you can charge a higher rent. while there are good providers of this type of housing, there is mounting evidence this taxpayer funded system is open to exploitation. it s a really wild west system and the winners are the people creaming off quite often very large profits. you and i are paying for this situation every day that we pay tax. paul o rourke works closely with a charity called my space housing solutions. it is a registered provider of social housing. this is the village of north wingfield in derbyshire. in 2018, paul o rourke bought arcam house here. my space took a 20 year lease on the property and used it to house and supp

Transcripts for BBCNEWS The Housing Benefit Millionaire 20240604 02:50:00

i regard it as totally inappropriate. we ve learntjust how financially dependent my space was on paul o rourke. in 2020, he donated virtually all the money my space says it spent supporting its tenants, £6 million. he had a stranglehold over the charity, was able to get the charity to do whatever he wanted, because they relied on him. they were dependent on him. we have also discovered that paul o rourke owed the charity a small fortune, £4] million. my space say £2.2 million has been repaid, with the rest due next month. documents from 2018 2021 appear to show my space agreeing to pay loans at the request of paul 0 rourke s company, enabling homes.

Transcripts for BBCNEWS The Housing Benefit Millionaire 20240604 02:50:00

the request of paul 0 rourke s company, enabling homes. it sounds to me as though paul 0 rourke s companies were using the charity as a sort of bank, a convenience. they would apply to the charity for the money instead of going to their own banks. paul o rourke and my space both strenuously deny his undue influence and say he is a one of a number of suppliers. mr o rourke says he has not attended a my space meeting since 2014. my space say there may have been very short term loans and is now investigating. here in bolsover, derbyshire, the local council tried to take on my space. this is the block of 16 flats that is run by my space.

Regulator investigating housing charity featured in Panorama programme

Regulator investigating housing charity featured in Panorama programme
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