Wandle awarded highest-ranking regulatory judgement from HCA
Published by Sarah Gilbert for Wandle Housing Association Ltd in Housing
Wandle has retained its V1 and G1 regulatory judgement, as published today by social housing regulator the Homes and Communities Agency (HCA).
The assessments of individual providers with more than 1,000 homes contain expectations around how providers meet the economic standards set by the HCA. Wandle is required to maintain and comply with the standards in relation to how it is operated and managed.
Wandle Chief Executive Sara Thakkar said of the HCA decision:
“Wandle works 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. We are pleased to retain the leading regulatory standards from the HCA and will continue to provide real value for money to the people in our communities and to invest and grow the business in order to help shape vibrant communities across our South London boroughs.”
As the highest ranking grades, V1 and G1 Governance and Viability regulatory judgements are defined follows:
V1 – The provider meets the requirements on viability set out in the Governance and Financial Viability standard and has the capacity to mitigate its exposures effectively.
G1 – The provider meets the requirements on governance set out in the Governance and Financial Viability standard.
Both the HCA's governance and viability scores are set on a 1-4 scale, with 1 being top.
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