Genesis learns takeover lessons
Genesis Housing Group has learned "a number of important lessons" as a result of its takeover of West Hampstead Housing Association, according to a new report by the Housing Corporation.
The corporation has issued a "toolkit" for housing association board members considering a group structure and says other associations considering a rescue can learn from Genesis' experience.
It highlights the importance of legal "due diligence" in identifying major problems, keeping staff informed and having a media strategy.