The Scottish Housing Regulator has today published its plans to engage with social landlords. Today’s publication marks the completion of the Regulator’s most recent and comprehensive annual risk assessment.
The Regulator will engage with 64 registered social landlords (RSLs) and 20 local authority landlords during 2018/19. This is 8 more RSLs and the same number of local authorities as last year.
It will have high engagement with 8 RSLs and medium engagement with 56 RSLs. It will have a higher level of scrutiny in 4 local authority landlords.
Helen Shaw, Assistant Director (Finance and Risk), said: “We want to see financially healthy, well governed landlords that provide good service outcomes for tenants.
“We know that RSLs are continuing to deliver a strong financial performance but they are also facing several risks and challenges. For example, they need to ensure that rents remain affordable for tenants as the changes to Universal Credit continue, at the same time as managing issues such as their pensions liabilities. So, this year, we’re engaging with more RSLs to seek assurance on their governance and financial health.
“Development also continues to be a key risk area for RSLs and we are again seeing an increase in both the number of RSLs who are developing and the number of homes they are planning to deliver. Where we haven’t had recent assurance, we will engage with a number of RSLs with significant development programmes about their business planning and how they are managing the challenges associated with this.
“We will continue to have a strong focus on how local authorities deliver for people who are or may become homeless. This will be the main focus of our engagement with local authorities.”
1. 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
2. SHR regulates around 160 registered social landlords and the housing activities of 32 local authorities.
3. SHR sets out how it regulates social landlords in its published framework – Regulation of Social Housing in Scotland.
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