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This move follows a series of improvements in performance and a decision by PHA to join the Notting Hill Housing Group as a subsidiary with effect from 8 June 2009.
PHA, which owns and manages around 6,000 homes across London and the South East, was placed under supervision by the Housing Corporation in July 2008 because of concerns about its governance and management. The Corporation used its statutory power to make three appointments to the board of PHA, and these continued under the TSA’s authority.
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PHA have delivered on all the key actions required to address the regulatory concerns and also took the opportunity to review its strategy for the future. This review resulted in the decision to enter into a partnership with Notting Hill. The appointees, Tracey Fletcher, Susan Reizenstein and Tom Dacey, are standing down from the board with immediate effect.
(CD/JM)
