Sign up to our Editors Choice newsletter now! Click here

Housing group placed on HCA's 'watch list' over governance concerns

Accessibility Menu

Menu Search

24dash - The UK's most up-to-date social housing and public sector news website

Housing group placed on HCA's 'watch list' over governance concerns

24DASH.COM Logo

Published by Jon Land for 24dash.com in Housing

Housing group placed on HCA's 'watch list' over governance concerns Housing group placed on HCA's 'watch list' over governance concerns

Aldwyck Housing Group has been placed on the social housing regulator's 'watch list'.

The Bedfordshire-based housing provider, led by chief executive Harj Singh, is being investigated by the Homes and Communities Agency over a matter which the HCA says "may impact on Aldwyck’s published compliant governance grading".

In a statement issued today, Aldwyck said: "Aldwyck Housing Group confirms that after identifying a failing in governance that took place in August 2013, they reported the matter to the Homes and Communities Agency.

"The group’s board and executive are cooperating fully with the regulator in their review."

The HCA set up the 'watch list' on the regulatory section of its website as an early warning system of potential problems at individual social landlords.

Aldwyck was last week allocated £1.18 million in funding from the HCA's affordable homes programme.

Earlier this month, Aldwyck and Paradigm announced that they had revived merger talks that broke down in 2012.

In a joint statement the two groups confirmed they were at the "early stage of merger discussions" and that their tenants would be consulted before any final decision is made.

The statement added: "Both organisations have always believed the merger would provide a good fit strategically as they would be able to improve service delivery, increase the number of new homes in the area and provide greater value for money for customers."

The two organisations own a combined total of 24,000 homes across the east of England.

Comments

Login and comment using one of your accounts...