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Silva Homes receives top regulatory rating

Silva Homes has today (November 28, 2018) received the top regulatory judgement for both its governance and financial viability from the Regulator of Social Housing following their In-depth Assessment (IDA) of the housing association, which started in September 2018.

The judgement is:

  • Governance grade: G1
  • Viability grade: V1

Alan Ward, Chief Executive at Silva Homes, commented:

“We’re proud of these results and the efforts of our board and all of our colleagues, which reflect our ongoing commitment to strong governance and financial strength, and enables us to achieve our objectives to deliver quality services to our customers, invest in our existing homes and to provide more much needed affordable new homes."

IDAs are carried out on all housing associations every four years to regulate the housing sector. The assessment involved desk-top research, detailed scrutiny of documentation, observing a board meeting and carrying out interviews with the executive team and senior board members.

For more information about Silva, visit WWW.silvahomes.co.uk.

Published 5 December 2018