The Scottish Housing Regulator has continued its statutory intervention at Ruchazie Housing Association.
The Regulator first used its statutory powers in March 2018 to appoint a manager and four members to the governing body after it identified widespread governance and financial management weaknesses.
The Regulator took this action to protect tenants’ interests, public and private funders’ confidence and the reputation of registered social landlords.
Margaret Sharkey, Assistant Director of Regulation at the Regulator said:
“We will continue to work with Ruchazie as it implements its action plan to improve its governance and financial management so that it can comply with our Regulatory Standards. Ruchazie is making good progress in addressing its weaknesses and the appointments will support Ruchazie as it completes its action plan.”
The Regulator’s updated engagement plan sets out the details of its engagement.
Notes to editors
- The Scottish Housing Regulator was established on 1 April 2011 under the Housing (Scotland) Act 2010. Its objective is to safeguard and promote the interests of tenants and others who use local authority and RSL housing services. The Regulator operates independently of Scottish Ministers and is accountable directly to the Scottish Parliament. It assumed its full regulatory responsibilities on 1 April 2012. The Regulator consists of the Chair and eight Board members. More information about the Regulator can be found on its website at housingregulator.gov.scot
- SHR sets out how it regulates social landlords in its published framework – Regulation of Social Housing in Scotland.