18th June 2007

Local housing association gets ‘green light’ from regulator

 

 

Nottingham Community Housing Association (NCHA), the largest locally-based social housing provider in the East Midlands, has received top marks from Government agency the Housing Corporation, following an assessment completed last month.  The Housing Corporation is the Government’s funder and regulator of housing associations in England. 

 

On an annual basis every housing association owning or managing more than 250 homes has its performance assessed against four key criteria; Governance, Management, Financial Viability and Development. 

 

A “traffic light” rating of Red, Amber or Green is given against each area, with Green as the top rating.  Four Green lights demonstrates that the association has met or exceeded the required standard across all the categories which are assessed.

 

Margaret Allen, Director of the Central area for the Housing Corporation, said: 

“We are very pleased to announce that NCHA has gained four  green lights in its latest Housing Corporation assessment.   This demonstrates that they have successfully met or exceeded the standards set across four key performance areas needed to ensure the quality of the services they offer to the people of the East Midlands”.

 

NCHA Chief Executive, Andrew Malone said:

"I am delighted that the Association has maintained its unblemished record for another year with “green lights” across the board. It is particularly satisfying for me as my retirement date approaches that I will be leaving NCHA after almost 35 years’ service on such a high note".

 

A copy of the full Housing Corporation Assessment is available from www.housingcorp.gov.uk

 

-Ends-

Notes to Editors:

The Housing Corporation is the Government agency responsible for investing in new affordable homes and regulating over 1,500 housing associations in England.  Its biggest ever investment programme of £3.9 billion or 2006-08 will fund 84,000 homes; 49,000 of these will be for affordable rent  and 35,000 will be for affordable sale through the Government’s new HomeBuy  initiative, helping people to get a foot on the property ladder.