The first thing that shocked me about that statement was that I thought social housing was meant to be strong at the moment.
I mean, there is supposed to be a housing waiting list in the UK bigger than the entire population of Scotland.
So after a bit of searching for the answer I came across a brilliant little online debate on social housing website 24dash.com.
It seems it depends entirely on whether a housing association relies on sales to keep itself up and running.
It is unlikely that a housing association will collapse and disappear into thin air completely.
But perhaps much more of a possibility is a bit of consolidation.
Word is that some of the better managed housing associations are now priming their ammunition ready to go on the takeover warpath.