A cloud lifts
The nightmare of the past few months for staff and tenants at Three Valleys Housing finally seems to be ending. The departures of chief executive, Paul Eastwood, and finance director, Nasreen Hussain, mean that the cloud that has hung over the organisation can now start to lift.
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TVH has lurched from one crisis to the next since it was created by the transfer of 5,800 homes from Erewash Council in March 2002. So what now? Parallels can be drawn with nearby Trent and Dove Housing Association. It received a similar number of homes from East Staffordshire Council just months before TVH was created, going on to receive a ‘green light’ for viability from former regulator the Housing Corporation.
TVH’s future may well not be independent, but staff and tenants should take heart that as recently as 2008 it was awarded a one-star rating with excellent prospects for improvement by the Audit Commission. Things may not quite have gone to plan since, but TVH can quickly get back on track.