It follows an assessment of the organisation by the HCA into its compliance with the economic standards for all private registered landlords. It received a governance and viability rating of 1 – the top score available.
DAMHA Chief Executive Paul Mullis said: “We are very pleased to retain this highest level of regulatory judgement. It demonstrates that we have a solid business plan, are well governed and are a low financial risk.
“This means our lenders can have continued confidence in us as we seek finance to continue our development programme, which helps to create affordable new homes across the North East. It also can give our residents and other stakeholders’ confidence that we continue to operate to the highest standards of management.
“I would like to take this opportunity of thanking our Board of Trustees, our staff, residents and other stakeholder for their continued support. We could not be such a well-run organisation if everyone didn’t work together so well for the greater good.”