Genesis maintains four green 'traffic lights' in latest Housing Corporation assessment

Genesis Housing Group has achieved four green ‘traffic lights’ in the June 2008 Housing Corporation Assessment.

The Assessment stated that the Group – which comprises subsidiaries PCHA, Pathmeads, Springboard and St Matthew Housing, as well as its charitable arm, Genesis Community – is properly governed, properly managed, is financially viable and meets the Corporation’s delivery standards.

The Housing Corporation Assessment acknowledges the key priority Genesis places on investing in its staff in order to develop a high quality workforce, and states ‘The group aims to ensure that its workforce is truly representative of all sections of society’.

The Assessment highlights good practice across the Group, for example in its recognition that 97% of PCHA’s properties meet the Decent Homes Standard (‘well ahead of both national and peer group averages’).

Genesis is also praised for the ‘good relations it has built with a large number of local authorities … (and) with other key stakeholders, including the Corporation.’

The report also confirms Genesis broadly met or exceeded its capital expenditure targets set by the Housing Corporation.

Anu Vedi, Chief Executive of Genesis Housing Group, said: “We are delighted to be recognised by one of our key stakeholders – the Housing Corporation – for the hard work that has contributed to our ongoing success, right across the business. Genesis is in a very good position to face the challenges and opportunities that lie ahead in the coming year.”