The corporation looked at an overview of BCHT's performance one year after it took over Bradford City MDC's 24,000 council houses, then compared it to the regulatory code and the promises made to tenants and found evidence of good progress overall.
Geraldine Howley, group chief executive, said: 'It's encouraging that our regulator has found good progress in our development as a new organisation, particularly after year one of our operation, the most critical time for any new business, especially one with a complex group structure such as ours. There is work for us to do in some areas to ensure that the governance arrangements of the group are improved.
'Our voluntary board members and staff teams should be commended for the hard work they have put into taking our vision of building a better future for our tenants closer to a reality. The corporation's message is clear - the group is getting it right. A continued focussed effort in the future will ensure we continue to make performance improvements and move toward full compliance with the corporation's Regulatory Code.'
A profile of Bradford Community Housing Trust and the assessment of the Trust overall can be viewed on the Housing Corporation Assessment section of the Corporation website - www.housingcorp.gov.uk
1.Bradford Co mmunity Housing Trust Group is an independent, not for profit, local housing organisation, officially known as a Registered Social Landlord.
2.It was formed on 24 February 2003 following the transfer of the ownership and management of 25,000 homes from Bradford City MDC.
3.The transfer was backed by tenants in a secret postal ballot held in March 2002, which saw 66% of tenants vote and 62% vote in favour.
4.The Bradford Community Housing Trust Group is made up of six local housing trusts:
-North Bradford Community Housing Trust;
-East Bradford Community Housing Trust;
-South Bradford Community Housing Trust;
-Bradford West City Community Housing Trust;
-Aire-Wharfe Community Housing Trust; and
-Shipley Community Housing Trust.
It also has a maintenance organisation - Bradford Building Services - and Bradford Community Housing Trust provides co-ordination and support to the organisations in the group.