The Scottish Housing Regulator has taken the decision to transfer Kincardine Housing Co-operative’s homes to Grampian Housing Association.
The Regulator took this decision after 70% of Kincardine’s tenants who responded to a consultation were in favour of the transfer. The consultation was carried out for the Regulator by independent tenant advisor, the Tenants Information Service.
It is the first time the Regulator has taken the decision to transfer the assets of an RSL.
It proposed the transfer after a period of statutory intervention and independent investigations identified serious governance and financial management failures which presented a significant risk to the Co-operative’s tenants and service users.
Ian Brennan, Director of Regulation, said: “We have taken this decision to protect the interests of Kincardine’s tenants and to ensure they receive good quality homes and services.
“The failures in governance and financial management in Kincardine Housing Co-operative were very serious and presented a direct risk to its tenants. The Co-operative did not have the capacity to address these issues.
“The majority of tenants who responded to the consultation were in favour of the transfer to Grampian which has been providing services to Kincardine’s tenants since July. Transferring Kincardine’s homes to Grampian will improve the services tenants receive and the management of their homes. We expect the transfer to be completed early in the new year.”
The Regulator has published an updated regulation plan for Kincardine Housing Co-operative.
- 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 www.scottishhousingregulator.gov.uk
- SHR regulates around 160 registered social landlords and the housing activities of 32 local authorities.
- SHR sets out how it regulates social landlords in its published framework – Regulation of Social Housing in Scotland.
- The Regulator announced it would consult with tenants on its proposal to transfer Kincardine to another housing association in August 2018 to safeguard tenants and service users https://www.scottishhousingregulator.gov.uk/news/regulator-consult-tenants-future-kincardine-housing-co-operative
- The Regulator took action to intervene in 2017 in Kincardine when it identified serious failures in governance and financial management. https://www.scottishhousingregulator.gov.uk/news/housing-regulator-intervenes-protect-interests-tenants-1
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