We have gained a G1 rating for governance, following a recent in-depth assessment by the Regulator of Social Housing.
The result is an important milestone for us as we have worked hard to bring our rating up from G3 four years ago and G2 in 2018.
The regulator found we have effective governance, a refreshed board with a good combination of skills and experience, and effective controls around key risk areas. We have clear strategic targets and effective monitoring of value for money.
The regulator particularly noted our commitment to fire-safety work on our high-rise buildings.
Philip Sullivan, THCH’s Chief Executive said: “We are delighted with this result, which reflects the hard work put in by our board and staff over the past four years. We would also like to thank our partners, in particular the London Borough of Tower Hamlets, whose help has been invaluable during this period of change and transformation.”
“Our priority has been, and remains, keeping residents safe. We are focused on this during the current exceptional period that we all face. Our longer-term strategy means that we will also provide additional much-needed affordable homes in Tower Hamlets.”