Lincolnshire based housing provider Acis Group has been awarded the highest possible ranking in a regulatory judgement made by the Homes and Communities Agency (HCA).
Acis achieved a G1 and V1 rating for its governance and viability following an assessment by the HCA, who act as the regulator for social housing. The assessments of individual providers with more than 1,000 homes contain expectations around how providers meet the economic standards set by the HCA. Acis is required to maintain and comply with the standards in relation to how it is operated and managed.
Both the HCA’s governance and viability scores are set on a 1 to 4 scale, with 1 being the highest ranking grade. The G1 rating confirms that Acis meets the requirements on governance set out in the Governance and Financial Viability standard, whilst the V1 rating demonstrates it meets the requirements on viability set out in the Governance and Financial Viability standard and has the capacity to mitigate its exposures effectively.
Acis Chief Executive Valerie Waby said of the HCA decision: “We work hard to ensure our leadership, accountability and financial strength is managed in an open and transparent way, and is delivered to drive and improve services for our customers. The G1, V1 rating shows that the HCA believes that Acis is meeting the requirements set down on governance and viability. We are pleased to achieve the highest regulatory standards and will continue to provide real value for money to the people in our homes and to invest and grow the business in order to help shape vibrant communities across our areas of operation.”
Acis, who own and manage over 5,500 homes across Lincolnshire, South Yorkshire, Nottinghamshire and Derbyshire, was given the HCA judgement at the end of April.
Valerie added: “I’m extremely proud of the hard work that our employees, tenants and board members have put in together to ensure our compliance with the economic standards and the resulting positive judgement.”