NEWS RELEASE

Housing Corporation announces removal of Croydon Peoples HA from supervision

1/12/04 Media Contact: Robert Davies 020 7393 2227
Ref: 66/04

The Housing Corporation has announced that it has removed Croydon Peoples Housing Association from supervision, following a series of improvements.

The Corporation placed Croydon Peoples, which manages around 350 homes in South London, under supervision in July 2003 because of concerns around governance and management. The Corporation used its statutory power to make three appointments to the Board of the Association.

The Association has made substantial progress in addressing the Corporation's concerns and the statutory appointments have been discontinued.

Housing Corporation Director of Regulation and Best Value, Derek King, said: 'We are pleased with the progress which Croydon Peoples has made and we are grateful to the appointees for demonstrating skill and commitment in working with the Association's Board to achieve the necessary improvements'.

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For more information please contact Robert Davies on 020 7393 2227; email robert.davies@housingcorp.gsx.gov.uk.

Notes to Editors

The Housing Corporation is the Government agency responsible for regulating and investing in over 2,000 housing associations in England. Its biggest ever investment programme of £3.3 billion for 2004-06 will fund over 67,000 affordable homes. 16,000 of these will go to key workers and 25% will use some form of modern methods of construction.

The original press release announcing the appointments to Croydon Peoples' Board was issued on 23 July 2003 and is available from the Corporation's website archive (www.housingcorp.gov.uk), reference 34/03.