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Connect Housing IDA result revealed

At the start of this year, Connect Housing spent several months undergoing an IDA (In-Depth Assessment). 

Introduced in 2015, the IDA happens every four years and is used by the Regulator of Social Housing to make sure providers are meeting their standards. 

The result was released today and Connect achieved the best possible grades.

They were assessed on governance and got a G1, meaning they’re doing everything right to meet the regulators governance requirements. 

They were also assessed on viability and achieved a V1, meaning the regulator has recognised that they have the financial capacity to deal with a wide range of adverse scenarios. 

Guy Millichamp, Connect’s Director of Finance and Resources said: “This is a great endorsement of all the work we’ve done on our governance and finances. Whilst the rating is not a surprise to us, I think it’s a significant achievement.

“We can be proud of where we are now and focus our energies on responding to the cost-of-living crisis, the climate emergency, and all of the other issues facing our customers and our colleagues. The Regulator’s assessment gives us confidence that we’re in a great starting place to deal with the challenges ahead.” 

The regulator also told senior management how impressed they were with the organisation given the adversity they had faced over the past two years.

Visit the gov.uk website to see the full result. 

Copyright © Connect Housing

Connect Housing Association Limited is a charitable association registered in England and Wales under the Co-operative and Community Benefit Societies Act 2014 (Company No. IP17445R) and with the Regulator of Social Housing (No. L2285).

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