TSA puts housing association under supervision amid governance concerns

A leading housing association has been placed under supervision by the Tenants Services Authority amid concerns about its governance and management.

The TSA has also made two statutory appointments to the board of Three Valleys Housing, which manages around 5,000 homes in Derbyshire.

The two appointees – Val Hammond, chair of the Acclaim Housing Group, and Lakhbir Jaspal, deputy group chief executive of the Accord Housing Group, will help Three Valleys as it searches for another housing association to join.

Peter Marsh, TSA chief executive, said: “We have been closely monitoring Three Valleys Housing Group and have decided that we need to take action to strengthen their board whilst they look to join another housing association to secure the best outcome for current and future tenants.”

No decision has yet been taken as to which housing association Three Valleys will join.

This is the first time that the TSA has put an association under supervision.