The Approved Housing Bodies Regulatory Authority (ABHRA) has criticized the Peter McVerry Trust for significant breaches in governance and financial management standards. An inspector’s report revealed inadequate controls and failures related to asset management and conflict of interest disclosures. CEO Fergal O’Leary emphasized the urgent need for reforms and noted that the Trust has committed to a program of corrective actions. The Trust acknowledged its responsibility and reported improvements in oversight and operations since mid-2023.