The Regulator of Social Housing (RSH) has published a non-compliant Regulatory Notice (RN) for Rapport Housing and Care, as the provider has breached the RSH’s Governance and Financial Viability Standard. Rapport is a small not-for-profit provider which provides supported housing, extra care and operates care homes. As Rapport has less than 1,000 homes it does not have a published Regulatory Judgement (RJ).
In publishing the RN the RSH said:
“Rapport did not carry out robust stress testing on its business plan, failed to properly consider the implications of taking on new liabilities, and did not plan appropriately for the impact this would have on its business and regulatory compliance. These issues demonstrate a lack of effective oversight by Rapport’s board, and the regulator has concluded that it failed to manage its affairs with appropriate skill, independence and foresight. The regulator has used its powers to appoint interim officers to the board, to give Rapport additional skills and capacity to address these failings”.
All of the RJs, RNs and Grading Under Review listings published by the RSH can be viewed on the RSH’s website here.