12th Feb 2021 12:56
(Alliance News) - Civitas Social Housing PLC on Friday noted the recent regulatory decision by the UK Regulator of Social Housing in respect of housing association Hilldale Housing Association, which is one of the 16 approved providers working with Civitas.
The regulator has put Hilldale's grading under review.
Pivotal represents 0.97% of Civitas' rent roll and remains fully up to date with all lease payments, the company said, and expects this to continue to be the case.
"The RSH announced in May 2018 a general review of housing associations engaged in the provision of property services for vulnerable people," Civitas said.
It added: "Hilldale Housing is dedicated to providing outstanding homes in the community for working age adults with long-term care needs. Hilldale offers vulnerable people the opportunity of a better quality and more independent life."
Shares in Civitas were 0.4% lower in London on Fridat at 108.00 pence each.
Friday's move to put Hilldale's grade under review follows the decision to put Pivotal Housing Association's grading under review.
Pivotal represents 3.96% of Civitas' rent roll and remains fully up to date with all lease payments.
In mid-December, the regulator graded My Space Housing Solutions non-compliant G3 grading in terms of governance and a V3 grading in terms of financial viability.
As at September 30, My Space represented 1.1% of Civitas's rent roll. Civitas said all rent payable under its leases with My Space was paid in full.
By Paul McGowan; [email protected]
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