6,700 home Soha has received an emphatic “thumbs up” from the Regulator of Social Housing.
Assessors visited the company in January and February to scrutinise it at a planned In-Depth Assessment. This is a check which typically takes place with about six weeks’ notice every three or four years.
The Regulatory Judgement, as the Government’s official view of a social housing provider is known, meant retention of Soha’s status as a G1 (the best Governance rating) and V1 (the best rating for financial viability) housing association.
Kate Wareing, Chief Executive of Soha said, “Soha is proud to be local and community-owned. We are owned by our residents, are a charity, and we reinvest all our surpluses in building new homes in our communities.
“This judgement provides reassurance to our residents and partners that we are well run and financially secure. It gives us the foundations to continue to improve services for our current residents and to continue to build good quality, affordable new homes for the huge numbers of people in our communities who are struggling with the cost of housing. “I thank our residents, staff and partners for the hard work, energy and commitment that they put in every day to make Soha an excellent community housing association.”