Regulator extends statutory managerial appointment at Wellhouse
The Scottish Housing Regulator has continued its statutory appointment of a manager to Wellhouse Housing Association to protect tenants’ interests amid “serious” concerns over its governance and financial management.
The regulator appointed a manager to the Easterhouse registered social landlord in December 2014 after an independent investigation at Wellhouse highlighted areas of serious regulatory concern. This appointment was reviewed in June this year and extended until September.
Wellhouse has since agreed an improvement plan to address the serious failures in its governance and financial management and is working with tenants to address weaknesses in some of its services.
However in an updated regulation plan for Wellhouse, the regulator describes how 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 now be reviewed in January 2016.
Christine Macleod, director of governance and performance at the Scottish Housing Regulator, said: “Wellhouse’s poor governance and financial management continue to present a serious risk to tenants’ interests. The governing body is in the process of delivering a substantial improvement plan. Continuing the appointment is the most proportionate way we can ensure Wellhouse has the support it needs to deliver the required improvements.”