Three smaller housing providers have been placed on the Regulator of Social Housing’s Gradings Under Review list.
3CHA Limited, Ash-Shahada Housing Association Limited, and Concept Housing Association CIC are the latest to be added to the list, which has steadily grown in recent months as the Regulator seeks to investigate possible compliance issues within a number of organisations.
In regard to the latest three to make the list, the Regulator says it is investigating matters which “may impact on the providers’ compliance” with the Governance and Financial Viability Standard.
G1/G2 for governance and V1/V2 for viability are considered compliant, while G3/G4 for governance and V3/V4 for viability are considered non-compliant.
Back in January, Salvation Army Housing Association was placed under review, with Brent Community Housing also added to the list toward the end of last year.
A couple of weeks ago, two other small housing associations were also placed under review.
The Regulator recently revealed the latest round of regulatory judgments, with 18 of the 25 listed retaining the top grades for Governance and Viability.
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