EEH V2 in latest regulatory judgement by Homes & Communities Agency
In its latest regulatory judgement based on the 2017 financial forecasts EeH have been graded V2.
The HCA have 4 gradings for housing associations’ financial viability which range from V1 to V4. Both V1 and V2 are compliant with the financial viability standard.
The V2 regulatory judgement follows the submission of EeH’s latest 2017 financial forecasts which include provision for more investment in our social housing stock over the next 5 years. This reflects the decision by the EeH Board to invest an additional £27 million on our estates and homes in the period up to 2021/22 following an exercise last year to update our stock condition data.
The HCA judgement makes clear that EeH remains compliant with the Viability Standard and has the financial capacity to deal with a reasonable range of adverse scenarios whilst ensuring that material risks are managed.
Information about the latest regulatory judgements from the HCA can be read here and EeH full regulatory judgement here.