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Regulator ends intervention at troubled housing association

This news post is over 5 years old
 

Statutory powers were used to appoint a manager and six governing body members to help the association to improve

The Scottish Housing Regulator (SHR) has ended its statutory intervention at Dalmuir Park Housing Association in Clydebank.

The regulator published an engagement plan which states that Dalmuir Park has taken action to address the serious failures in governance which led to it being taken over in December 2017.

Statutory powers were used to appoint a manager and six governing body members to help the association to improve.

Ian Brennan, director of regulation at SHR, said: “We have decided to end our statutory intervention at Dalmuir Park as the association has now addressed the issues which led to our intervention.

“The association has worked constructively with the statutory manager and appointees. It has strengthened its governance, improved its operational and financial performance, and it has reduced costs in the process.

“Dalmuir Park has completed a strategic review and has decided to remain as an independent organisation.

The association is currently working towards compliance with the Regulatory Standards. We will continue to engage with Dalmuir Park as it works to achieve full compliance with the standards and further embed the positive changes it has made.”

Dalmuir Park Housing Association’s engagement plan is available on the regulator’s website.