The Regulator of Social Housing has today issued a regulatory judgement on Prospect Housing.
The judgement concludes that Prospect Housing does not fully comply with the Regulatory Standards set by the Regulator. Prospect Housing has been working with the Regulator over the past two years and accept their regulatory judgement. We have already significantly strengthened our governance practices and improved our regulatory compliance, but fully accept that there is further work to be done. We have strong cash reserves that mean we are financially resilient, but we will improve our financial risk planning to ensure that this remains the case. We have a comprehensive action plan in place that will ensure we achieve full compliance and that we continue to deliver the homes and support services that our residents and partners require.