The Scottish Housing Regulator has ended its appointment of a statutory manager at Ruchazie Housing Association.
The Regulator took this decision because Ruchazie has made significant improvements to its governance and financial health.
The Regulator first used its statutory powers to safeguard the interests of tenants by appointing a manager and four members to Ruchazie’s governing body in 2018. The Regulator took this action after it identified serious weaknesses in Ruchazie’s governance.
Margaret Sharkey, Assistant Director of Regulation, said: “Ruchazie has delivered significant improvements in its governance and financial management. We’ve continued two appointments to its governing body for a further three months to support Ruchazie to deliver the final tasks to bring it to full compliance with Regulatory requirements.”
The Regulator will review its appointments to the governing body in September this year.
The Regulator has published a revised engagement plan which sets out the details of its engagement with Ruchazie. The engagement plan is available here.
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 seven 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.