The Regulator of Social Housing reports that Christian Action (Enfield) Housing Association (Christian Action) has been placed on its gradings under review list today (Friday 17 March 2023).
The regulator notifies that a provider's grading is under review when its compliant grade (G1 and G2 for governance, V1 or V2 for viability) is being investigated in relation to an issue which may result in a downgrade to a non-compliant grade (G3 or G4 for governance, V3 or V4 for viability).
The regulator has today added Christian Action to its gradings under review list because it is investigating a matter which may impact on the provider's compliance with the viability element of the Governance and Financial Viability Standard. Christian Action's current published grades are V2 / G3.
Notes
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The GUR lists providers where RSH is investigating a matter that might result in them being assessed as non-compliant in relation to the regulator's Governance and Financial Viability Standard.
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The regulatory standards can be found on the RSH website.
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RSH published a regulatory judgement for Christian Action (Enfield) Housing Association on 14 December 2022 to downgrade its governance grading to a non-compliant grade (G3).
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