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We are delighted to announce that following a full In-Depth Assessment (IDA) by the Regulator of Social Housing (RSH), we have been awarded a G1/V1 grading. This rating is the highest grading achievable and confirms that we have effective governance in place and are financially viable.
The rating was officially announced on 25th May 2022, following an IDA in March 2022. You can read the full report here: Regulatory judgement: Arawak Walton Housing Association Limited – GOV.UK (www.gov.uk)
As a Black and Minority Ethnic (BME) specialist housing association born out of the community, we have continued to grow, and we moved into mainstream regulation in 2016 due to owning over 1,000 homes. We have successfully maintained the G1V1 rating annually since then.
Ms. Cym D’Souza, Arawak Walton’s Chief Executive, said “This result is a testament to how a strong partnership with our stakeholders, Board, staff, tenants, colleague associations and local authorities delivers a great result. All thanks must go to the Board and staff for remaining true to purpose”.
Our Chair Ms. Evelyn-Asante Mensah (OBE) said “We are absolutely delighted with this result. We have stayed true to our mission, vision and purpose and we have ensured that our organisation is properly governed, well managed and remains financially stable to deliver our vision objectives. I am incredibly proud of what the association has achieved.”
The Regulator of Social Housing regulates registered providers of social housing to promote a worthwhile, efficient and well-governed social housing sector, able to deliver homes that meet a range of needs.
Their objectives are to ensure that housing associations provide value for money and protect the taxpayer, whilst validating financial viability and effective governance. They also set consumer standards and may take action if these are breached or pose serious detriment to tenants and potential tenants.
You can read more about RSH here: Regulatory standards, procedures and guidance – GOV.UK (www.gov.uk)[KM2]