Regulator continues Wellhouse Housing Association intervention
The Scottish Housing Regulator has continued its statutory appointment of a manager to Wellhouse Housing Association.
The regulator used its statutory powers for the first time when it appointed a manager to the Easterhouse registered social landlord in December last year after an independent investigation at Wellhouse highlighted areas of serious regulatory concern.
Wellhouse has subsequently completed an independent governance and financial review which identified serious failures in its governance and financial management.
The regulator said it has “significant concerns about these failures and has used its powers to continue the manager’s appointment to ensure that Wellhouse complies with its regulatory standards”. The appointment will be reviewed in September.
Christine Macleod, director of governance and performance, said the regulator has taken this action to protect tenants’ interests.
She added: “Wellhouse’s poor governance and financial management continue to present a serious risk to tenants’ interests. The governing body is working openly and constructively with us to address the issues. Continuing the appointment is the most proportionate way we can ensure Wellhouse has the support it needs to continue to deliver the required improvements.”
The regulator has published an updated regulation plan which describes how it will work with Wellhouse to resolve the issues.