Two housing associations’ governance gradings under review
The GUR lists providers being investigated for an issue that may result in non-compliant grades for the governance and/or financial viability standard.
The Regulator of Social Housing reports that the grading for Central and Cecil Housing Trust and Gentoo Group Limited are currently under review.
The regulator makes public that a provider’s grading is under review when its compliant grade (G1 and G2 for governance, V1 or V2 for viability) is being investigated in relation to an issue which may result in a downgrade to a non-compliant grade (G3 or G4 for governance, V3 or V4 for viability). The outcome of the investigation will be confirmed in an updated regulatory judgement once completed.
Both Central and Cecil Housing Trust and Gentoo Group Limited’s current grade is G2/V2 and the regulator is investigating a matter which may impact on both providers’ compliance with the governance element of the governance and viability standard.
The regulator of social housing’s gradings under review list is available on the website.
The regulatory framework can also be found on the website.
The Homes and Communities Agency is the single, national housing and regeneration delivery agency for England, and is the regulator of social housing providers. As regulator, its purpose is to promote a viable, efficient and well-governed social housing sector able to deliver homes that meet a range of needs. It will do this by undertaking robust economic regulation, as enshrined in legislation, focusing on governance, financial viability and value for money that maintains lender confidence and protects the taxpayer.