VIVID has maintained its ratings of G1/V1 from the Regulator for Social Housing following a routine annual ‘stability check’. It’s the highest regulatory rating a housing association can achieve, with a G1 for governance and V1 for financial viability.
The Regulator refreshed its assessment of VIVID’s compliance earlier this month, a year after VIVID’s first in-depth assessment (IDA).
Mark Perry, Chief Executive of VIVID said: “Our ambition is to drive forward our plans well into the future, continuing to increase and improve our homes and services for those who need them most. This decision reaffirms our position as an organisation that can deliver on this ambition. We’ve confidence that our financial strategy and strength of our governance mean we can continue to build more homes and even brighter futures for our customers. But we’re not complacent and know we have more to do.”