Places for People is a leading affordable homes-led placemaker that believes places work when they work for everyone. Places for People design homes, places and communities for the long term that are sustainable economically, socially and environmentally. Places for People take a commercial approach to delivering social value and making a difference. The Places for People Group’s award-winning placemaking, property investment, development and management companies own or manage more than 219,600 homes, operates over 100 leisure facilities, has assets of £4.9bn, and they deliver circa 6,000 affordable homes over the next 10 years through its partnership with Homes England.
RSH Narrative Regulatory Judgement
Provider: Places for People Group Limited
Regulatory code: L4236
Publication date: 15 November 2022
Governance grade: G1
Viability grade: V2
Reason for publication: Viability regrade
Regulatory route: Stability Check and Reactive Engagement
Regulatory judgement
This regulatory judgement regrades our previous assessment of Places for People Group Limited’s financial viability from V1 to V2 and confirms its existing G1 grade for governance.
Based on evidence gained from a Stability Check and reactive engagement, the regulator has assurance that Places for People Group Limited (Places for People) complies with the financial viability elements of the Governance and Financial Viability Standard and that its financial plans are consistent with, and support, its financial strategy. Places for People has an adequately funded business plan with sufficient security in place.
Places for People has increased investment in its existing homes and expects to make further investment over the next few years while also continuing to develop new homes. Providing for this significant investment, in combination with the current economic uncertainty in relation to inflation and interest rates, reduces Places for People’s capacity to respond to adverse events.
The regulator’s assessment of Places for People’s compliance with the governance elements of the Governance and Financial Viability Standard remains unchanged. On the basis of the Stability Check, the regulator has concluded that there is no evidence to indicate a change to Places for People’s current governance grading.
Other providers included in the judgement
Chorus Homes Group Limited, Chorus Homes Limited, Cotman Housing Association Limited, Derwent Community Housing Association Limited, Derwent Housing Association Limited, Places for People Homes Limited, and Places for People Living+ Limited
Housing Ombudsman
Places for People Homes Limited (202003224)
The complaint is about the landlord’s responses to the resident’s reports of: outstanding repairs to his property a raised manhole to the rear of his property rubbish that he says should have been collected from the outbuilding attached to the property, prior to his moving in
Places for People Homes Limited (202015387)
This complaint is about: The landlord’s response to the resident’s concerns around the property’s omission from a historic kitchen replacement programme and its communication in relation to access issues; The landlord’s complaint handling.
Places for People Homes Limited (202103709)
This complaint is about the landlord’s handling of the resident’s reports of noise disturbance and anti-social behaviour (ASB).
Places for People Homes Limited (202109254)
This complaint is about the landlord’s handling of the resident’s concerns about the performance of the estate management company.
Places for People Group Limited (202008282)
The resident complained that the landlord: Had failed to provide proof that she had an affordable rent tenancy. Had responded unreasonably to her rent arrears. Had unreasonably increased her rent.