The Scottish Housing Regulator has ended its statutory intervention at Ferguslie Park Housing Association. It ended the appointment of the statutory manager in January 2018 and ended the appointments of the two remaining governing body appointees on 28 September.
The Regulator today published a revised regulation plan stating that Ferguslie Park has made significant progress in dealing with the issues that led to the Regulator’s statutory intervention in February 2016.
At that time, the Regulator appointed a special manager and three governing body members. The appointments have supported Ferguslie Park to make the improvements to its Governance and Financial Management.
Michael Cameron, the Regulator’s Chief Executive said: “Ferguslie Park has made significant improvements over the last two years and is now in a much stronger position. It has appointed a new senior officer and has clear plans in place to continue to improve. We will continue to engage with Ferguslie Park as it works to deliver further improvements.”