Regulatory standards self-assessment 2024

Welsh Government's framework for housing associations

There are currently 4 levels of compliance, defined by Welsh Government as:

1. GREEN – Compliant: The association meets the regulatory standards and will receive routine regulatory oversight.
2. YELLOW – Compliant: The association partially meets the regulatory standards and has the potential to be able to achieve the required improvements with increased regulatory oversight.
3. AMBER – Non compliant: The association partially meets the regulatory standards and is unlikely to be able to achieve the required improvements without regulatory intervention.
4. RED – Non compliant: The association partially or wholly does not meet the regulatory standards and it is necessary for the regulator to take statutory action.

To understand what tenants think about our performance against the standards, we held a workshop with our involved tenants in June to seek their views about their experience with us over the past year. This helped us to put actions in place for the year ahead.

Overall, the regulatory standards are assessed as green compliant. This is an improved position from 2023 when RS1 and RS4 were both assessed as amber, non-compliant.

Key areas of focus for the year ahead are:

• Publication of our Corporate Strategy supported by strategies relating to Tenants, Homes, Communities, Finance, IT and Data and People.

•  Implementation of our Equality, Diversity and Inclusion action plan and Welsh Language Action Plan to ensure we meet the diverse needs of all our tenants.