Housing Corporation Assessment 2008
Assessment Summary
In 2008 Mercian Housing Association achieved four green lights in the Housing Corporation Assessment. The assessment was conducted in order to assist the Housing Corporation in its statutory duty of regulation of Registered Social Landlords.
In this assessment Mercian achieved four green lights, meeting the expectations set out in the Regulatory Code in terms of financial viability, governance, service quality and the development performance.
The ‘traffic light’ system illustrates the results. A green symbol indicates no material concerns about performance, the association is either complying with the Regulatory Code or taking sufficient steps to comply with the Code within a reasonable timescale; an amber symbol indicates some material concerns about performance, resulting in Corporation action above the minimum; a red symbol indicates serious concerns about performance.
VIABLE - GREEN
Measuring compliance with the Regulatory Code part 1
The association meets the expectations set out in the Regulatory Code in terms of financial viability.
PROPERLY GOVERNED - GREEN
Measuring compliance with the Regulatory Code part 2
The governing body, supported by appropriate governance and executive arrangements, maintains satisfactory control of the organisation.
PROPERLY MANAGED - GREEN
Measuring compliance with the Regulatory Code part 3
The association generally meets the standard expected given the context in which it works and the available resources.
DEVELOPMENT - GREEN
Development with Housing Corporation funding.
The association’s performance is satisfactory. It delivers housing that meets our standards but has not met all of its targets over the past year. However, the shortfall was relatively small and was caused by circumstances outside its control. The association keeps the Corporation fully informed of problems and keeps its in-year forecasting up to date.