A Nottingham-based housing association has today had its
governance and viability ratings downgraded by the English social housing
regulator over its funding arrangements. Tuntum Housing Association, one of
England’s largest black and minority ethnic social landlords, had its
governance rating downgraded from a G2 to a G3 today – meaning it no longer
complies with the Homes and Communities Agency’s standards. Its viability rating
was dropped one notch to V2, meaning it still complies but needs to improve.
The 1,300-home had been placed on the regulators’ ‘watch list’ of organisations
at risk of a downgrade since June. Read more on Inside Housing.
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