North West landlord under investigation by regulator

The landlord was set up as a housing co-operative in 1983 before becoming a community-based housing association in 1990.

The most recent set of results from 2018 showed the landlord recording a surplus of £620,000. The association has just five full-time staff with operational control as well as eight board members.

In the last statistical data return submitted to the regulator, Eldonian recorded 394 properties that it owned or managed, with 346 being general needs housing.

Eldonian becomes the fifth housing association to be placed on the RSH’s gradings under review list this year. Others to have come under scrutiny in recent months include lease-based provider Auckland Home Solutions and exempt accommodation provider Concept Housing Association.

Housing associations are expected to adhere to the regulator’s three economic standards as well as four consumer standards. The RSH will now consider whether Eldonian has complied with these standards or not.

A spokesperson for Eldonian Community Based Housing Association declined to comment.