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ClwydAlyn rated Green/Green by Welsh Government against new regulatory framework


A new Regulatory Framework for Housing Associations Registered in Wales was brought in by the Welsh Government in January 2022. ClwydAlyn is one of the first three housing associations to be assessed using the new framework, as part of a period of transition from the 2017 framework to the new one.

The purpose of regulation is to protect tenants and investment in housing associations. Undertaken by the Welsh Government, the assessment largely takes the form of oversight and monitoring with intervention only where necessary. It ensures each housing association is:

  • Well-governed – led effectively and well managed by boards, executives and staff, and working with tenants and partners to make and implement effective business decisions.
  • Delivering high quality homes and services - providing homes and services that meet people’s diverse needs and expectations, with an emphasis on high quality services and continuous improvement.
  • Financially viable – with well-managed finances, and the resources and cash flow to meet current and future business commitments.

Clare Budden, CEO of ClwydAlyn said: “We produced a self-assessment to show where we are in meeting all the requirements of the regulatory code. We also produced a continuous improvement plan for any areas where we felt we couldn’t demonstrate that we fully met the requirements, with timescales for the actions to be implemented.

“Although we are confident in our governance and financial viability, it was a bit nerve wracking being the first to go through the new framework. We had no one else to ask about how they had found it, and what their learnings were. We worked with the senior leadership team, the board and the Resident Committee to complete the self-assessment, it was important for us to get feedback on whether it was a true representation of us. Our lead regulator also attended a board meeting and an Assurance Committee meeting to observe how effective our governance is.

“At the end of the process we received two ratings; one is for financial viability, and one is for Governance (including service delivery). We are really pleased to be awarded the top score of compliant, which is green for both!”

ClwydAlyn’s self-assessment and continuous improvement plan can be found here.

ClwydAlyn’s regulatory judgement can be found by clicking here.       

 

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