The Scottish Housing Regulator has used its statutory powers to appoint a manager to Muirhouse Housing Association amid concernsover the Associations “poor governance and financial management”
The Regulator has also used its powers to make three statutory appointments to Muirhouse’s governing body.
The Regulator has identified a serious and urgent risk to the financial health of Muirhouse and serious weaknesses in its governance and financial management. It has taken this action to protect tenants’ interests.
Ian Brennan, Director of Finance and Risk, said “Muirhouse’s poor governance and financial management present an immediate risk to tenants’ interests, to public and private funders’ confidence and to the reputation of RSLs.
Muirhouse currently does not comply with our standards of governance and financial management. Our appointment of a manager and our action in strengthening the governing body is the most proportionate way we can ensure that Muirhouse has the support it needs to meet the standards required.”
We spoke to tenant earlier who said “This doesn’t really come as a shock to me, the organisation is a shambles. Its about time something was done.”
More to follow on this story.