New RSH rulings recognise improvements

Two providers get governance upgrades.

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Moat Homes and the Industrial Dwellings Society get governance upgrades in a newly released round of rulings from the Regulator of Social Housing (RSH).

Vale of Aylesbury Housing maintains the highest possible ratings of G1 for governance and V1 for financial viability.

Cottsway keeps its existing G1 grade for governance and V1 for financial viability.

In the midst of restructure activity and significant constitutional change, ForHousing (previously City West Housing Trust) gets interim G2 and V1 grades. 

Stephen Stringer, board chair at Vale of Aylesbury said the continued top grades “reflects our strength in these areas and gives our residents and stakeholders assurance on our ability to deliver on our plans and future aspirations”.

Moat Homes moves up to G1 and V1, having been assessed as improving aspects of its governance arrangements to support continued compliance.

RSH identified a need for such improvements in a ruling released late last year.

Now, RSH says it has assurance that an adequate framework of delegations is in place to ensure decisions are taken at appropriate levels within the governance structure.

The new ruling recognises assurance RSH now has adequate arrangements in place.

Moat’s Chief Executive, Elizabeth Austerberry, said: “We are delighted that Moat has regained its G1 V1 status so quickly after the governance downgrade at the end of last year.

“We have worked hard to address the Regulator’s concerns by making and embedding changes in the organisation which have not only resulted in the regrade, but which will stand us in good stead for the future”.

Ray Peacock, Chairman of Industrial Dwellings Society, said: “We are delighted to have been upgraded to G1/V1.

“As a small Association with a strong tradition of delivering great homes for our residents, the Board are now set to deliver on our Corporate strategic objectives.”

Chief Executive of Industrial Dwellings Society, Suzanne Wolfe, said: “The Board and Executive have worked hard to ensure Industrial Dwellings Society is ready to meet the challenges of today’s housing sector and move from strength to strength.

“We are now looking forward to delivering new homes and services in line with our ambitions”.

 

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