The Homes and Communities Agency reports today (3 February 2017) that Luminus Group Limited’s grading is currently under review.
The HCA’s social housing regulator notifies that a provider’s grading is under review when its compliant grade (G1 and G2 for governance, V1 or V2 for viability) is being investigated in relation to an issue that may result in a downgrade to a non-compliant grade (G3 or G4 for governance, V3 or V4 for viability).
The outcome of the investigation will be confirmed in an updated regulatory judgement, once completed.
Luminus Group Limited’s current grade is G1 and V2. The regulator is currently investigating a matter that calls into question the provider’s compliance with the governance element of the Governance and Financial Viability Standard.
The social housing regulator’s gradings under review list is available on the HCA website.
The regulatory framework can also be found on the HCA website.
The Homes and Communities Agency is the single, national housing and regeneration delivery agency for England, and is the regulator of social housing providers. As regulator, its purpose is to promote a viable, efficient and well-governed social housing sector able to deliver homes that meet a range of needs. It will do this by undertaking robust economic regulation, as enshrined in legislation, focusing on governance, financial viability and value for money that maintains lender confidence and protects the taxpayer.
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