The housing sector in Northern Ireland is in a good place to deal with the challenges ahead, according to the Chief Executive of the Northern Ireland Federation of Housing Associations (NIFHA).

Mr Cameron Watt made the announcement at its Annual Conference at the Slieve Donard Hotel.

The 2016 Sector Global Accounts published revealed that turnover of the sector has grown by 10% to nearly £283m in the past year, with an operating surplus of £66.9m and operating margin of 23.7%.

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Mr Watt said: "Housing associations are in a positive financial position and are well-managed and viable organisations. Welfare changes and other potential threats to rental income, such as a cap on housing benefit at the Local Housing Allowance rate, will undoubtedly put pressure on that financial strength.

"However, our members are innovative and creative and as well as continually improving services to existing customers, they are extending their housing offer, including new homeownership options.

"Over the next few years, the housing association sector has ambitious plans. We aim to support tenants through welfare changes, maximise house building and use our wider investment to unleash potential in the communities we serve."

(CD/MH)