Tower Hamlets Community Housing (THCH) has had its governance upgraded by the Regulator of Social Housing (RSH) to a compliant G2 grading.
Philip Sullivan, Chief Executive of THCH said:
“Returning to a compliant governance grading is a significant and positive milestone for THCH after a successful period of restructuring and culture change that has transformed THCH into a hugely different and improved organisation.
“We very much appreciate the assistance that the RSH and other key stakeholders, particularly Tower Hamlets Council, have provided us through this vital period of change for THCH.
“All levels of the THCH team have been strengthened including our board and executive team and we are now working hard to return to a G1 governance grading.’
“This gives us a strong platform for THCH to focus on continuing to build connected communities in Tower Hamlets, creating vibrant places for people to live and giving those people support to achieve their aims in life where we can, underpinned by great value services.”
THCH is a charitable housing provider with a strong community ethos. It now manages more than 3,000 homes (two thirds rented and one third leasehold) in the western side of Tower Hamlets, covering Spitalfields, Bethnal Green, Stepney, Shadwell and Wapping.
The majority of homes were transferred from Tower Hamlets Council in 2000, but THCH has since added a range of commercial and residential properties including properties for private sale, shared ownership and for social rent.