Regulator looking into Westmoreland Supported Housing – The Regulator of Social Housing has published a new grading under review notice – this time on Westmoreland Supported Housing, a leading registered provider in the portfolios of Civitas Social Housing and Triple Point Social Housing REIT.
The notice says “The Regulator of Social Housing reports that Westmoreland Supported Housing Limited has been placed on its Grading under Review list. It notifies that at the time of the last Statistical Data Return the provider had fewer than 1,000 homes and therefore does not have a current published regulatory judgement in accordance with our established procedures. The regulator is currently investigating a matter regarding the providers’ compliance with the Governance and Financial Viability Standard. The outcome of the investigation will be confirmed in a regulatory notice, once completed.”
Westmoreland Supported Housing Association describe themselves as a national, not for profit, registered housing association providing housing with support for people with learning disabilities and physical disabilities regardless of severity and whether caused at birth or acquired at a later date. They also provide accommodation for service users on the autistic spectrum.
[QD comment: At 9 May 2018, Westmoreland was Civitas Social Housing’s largest registered provider, accounting for 19% of the rental income on its portfolio. At 30 June 2018, Westmoreland was Triple Point Social Housing REIT’s fifth largest registered provider by rental income, accounting for 9.2% of its income. The regulator is now looking into the governance and viability of three registered providers that feature in these portfolios – see our earlier story.]
SOHO / CSH / CSHC : Regulator looking into Westmoreland Supported Housing