1.You are asked to look at the four housing associations rev

1.You are asked to look at the four housing associations reviewed inChapter 8 – Housing Association Case Study of ERM in a ChangingMarketplace (Pages 119-142). 1.1 Choose one association, in Chapter 8, that most closely resembles a similar local area in Tampa Bay to compare and contrast. Provide Support 1.2 Select a secondary UK housing association, within Chapter 8 include in the comparison. Theassociation data in chapter 8 was drawn, in 2013, from current realcases. It may help to investigate the “actual” cases and their contextsfor further insight and ideas for this case. Youcan find current comparison and contrast data for these associationsusing an internet search engine (Google, Microsoft Edge, Bing, etc…) For each of the two housing associations selected in question 1, please answer the following three main questions:Whatdo you assess as the biggest risks facing the association and what isyour assessment of these risks? Note that “for profit” activities suchas building houses for sale can also contribute to an association’sgoals (e.g., to provide affordable housing). Consideringthe list of products in the “Background” section (page 119-120), how doyou rate their potential risks and returns for the association? Therating should consider how they stack up against the association’scharitable aims, viability constraints, and association’s operatingenvironment.Inthe light of the association’s financial position and its charitableaims, how high should be the risk appetite of the association? Is one ofthe generic strategies listed in the “Sector Issues” section (pages120-122) appropriate for the association, and if not, then what is theassociation’s strategy?Details – Apply critical thinking and the learning from the major objectives of this week’s material.Formalwriting and all APA formats are required. (In 500-800 words, notincluding title page, in-text citations and reference page. You are notpenalized for going over the word count unless the information is notrelevant or superfluous. Please use an introduction, conclusion andheadings) (See: Purdue OWL APA writing guidelines)YouMUST include a minimum of one quality SPC online library source tosupport your ideas as well as your textbook. Also, be sure to cite your textbook within your work and in the reference page.Submit a MS Word document (*.docx).PDF of Textbook attached.