0

The move aims to address the weaknesses in registered provider’s governance and operational arrangements.

The Regulator of Social Housing (the regulator) has made three statutory appointments to the Board of Prospect Housing Limited.

The not-for-profit, lease-based provider of supported housing operates in Birmingham and the West Midlands. It provides supported accommodation to adults at risk of homelessness, often people with complex needs, including a history of offending, substance misuse, and mental health. In its 2019 Statistical Data Return, Prospect Housing was reported as having 1,860 supported housing units.

National Landlord Investment Show – MPU

The new appointments are:

  • Chan Kataria, Group Chief Executive at emh group
  • John Ghader, Chief Executive at Prima Group
  • Paul Dolan, Chief Executive, Accent Group

Harold Brown, Senior Assistant Director and head of the regulator’s Investigation and Enforcement team, said:

“Following the publication of the regulatory judgement on Prospect Housing in May 2020 we have been working with the provider to ensure it takes action to address the weaknesses in its governance and operational arrangements. We have made these three appointments following our most recent engagement to ensure that the existing Board has additional capacity and access to the expertise and skills needed to resolve the failures.”

“Our priority in taking this regulatory action is to ensure that the interests of Prospect Housing’s tenants remain protected. We will publish an updated regulatory judgement in due course.”

The current regulatory judgement is available on the regulator’s website.

SUBSCRIBE
Subscribe to our weekly newsletter
Stay informed with our leading property sector news, delivered free to your inbox. 
Subscribe
Your information will be used to subscribe you to our newsletter and send you relevant email communications. View our Privacy Policy
Property Notify
Property Notify is a leading property sector publisher reporting on breaking news and political changes affecting the UK property industry, in addition to finance, tax and investment coverage we provide a hub to explore, contribute, invest in and celebrate the property industry. - Read more.

    £80 Million Boost to Over a Hundred Towns in England

    Previous article

    Boris Johnson Commits to Protect 30% of UK Land in Boost for Biodiversity

    Next article

    You may also like

    Comments

    Leave a reply

    Your email address will not be published. Required fields are marked *

    More in News