Pickering and Ferens Homes retains highest assessment grade awarded by national regulatory body

Pickering and Ferens Homes retains highest assessment grade awarded by national regulatory body

A long established provider of housing designed to enable independent living in later life has retained the highest assessment grade awarded by the Homes and Communities Agency.

Pickering and Ferens Homes welcomes the exciting news and can confirm its regulatory judgement is G1, V1, which is the first-rate band, in relation to how it is governed and its financial viability. It’s the grade organisations across the housing industry strive for on an annual basis.

The not-for-profit organisation already provides over 1,200 properties to the region’s over 60s, and now has an exciting development in the pipeline for a scheme of 94 new homes thanks to nearly £3m of grant funding from the HCA secured last year.

Claire Warren, chief executive of Pickering and Ferens Homes, said: “We are delighted to have met the Homes and Community Agency’s highest level of expectations for a X year running.

“A G1, V1 judgement reinforces the exceptional hard work and exemplary service that our team delivers. I am proud that our organisation is held up as a benchmark within the industry and it really is testament to the whole team’s unequivocal dedication and genuine care for the residents we serve.”

The HCA regulates social housing providers in England and helps create successful communities by making more homes and business premises available to the residents and businesses who need them.

Pickering and Ferens Homes has been recognised by the regulator as having a strong financial profile, built on robust and prudent assumptions, with good headroom on its financial covenants and appropriate levels of liquidity.

Mrs Warren added: “We pride ourselves on providing excellent quality homes and services which enhance later life through set visions and goals, good governance and financial viability being top of the list.

“Maintaining this quality mark from the HCA year after year instils confidence in our current and prospective residents and is a testament to the hard work and dedication that each team member shows day in, day out.”