What does G1 mean?
G1 – Compliant – WHA meets the governance requirements
What does V1 mean?
V1 – Compliant – WHA meets the viability requirements and has the financial capacity to deal with a wide range of adverse scenarios
Regulatory judgements and notices are the regulator’s official view of a housing provider and are based on a set of Regulatory Standards.
The standards contain specific expectations and outcomes that providers are expected to achieve. The board and local authority counsellors who govern service delivery are responsible for meeting the relevant standards and determining how this is done.
Economic Standards
The Regulator of Social Housing seeks assurance from providers that they are meeting its economic standards. They apply to all registered providers.
The 3 economic standards are:
Consumer Standards
The Regulator also sets Consumer Standards and its role is to intervene where failure meets the stands has caused, or could have caused serious harm to tenants. The Consumer Standards do not apply to all types of housing with the following exclusions
- The Rent Standard and the consumer standards do not apply to 100% owned low-cost home ownership
- Less than 100% owned low-cost home ownership, nor to certain types of housing detailed in the Government standard on rents for social housing including intermediate rent
- Does not apply to intermediate rent nor to less than 100% owned low-cost home ownership
The 4 Consumer Standards are:
