Why we are engaging with Maryhill Housing Association Ltd (Maryhill)
We are engaging with Maryhill about tenant and resident safety and its development plans.
In summer 2021 Maryhill commissioned a number of audits of its compliance with its tenant and resident safety duties. It developed action plans to address the findings of the audits. Maryhill confirmed that it complies with its legal duties in relation to tenant and resident safety, and it is working through its action plans to improve its management of its health and safety duties.
During the year, a new area of risk emerged in relation to electrical safety inspections. We are engaging with Maryhill as it completes its action plans and addresses the issue affecting its electrical safety inspections.
Maryhill is engaged in contractual action regarding render failure on some of its homes. We have been engaging with Maryhill about the immediate and long term steps it is taking to address this issue. It has put in place a suite of control measures to address the risk to residents and it continues to seek a long term solution to address the problem.
We will continue to engage with Maryhill as it completes its improvement actions.
Maryhill has plans to grow through a programme of new homes for social rent and mid-market rent, and will receive significant public subsidy to help achieve this.
What Maryhill must do
Maryhill must:
- keep us informed of progress with the action plans to improve its management of its health and safety duties;
- keep us informed of its progress in addressing the render issues;
- send us by 30 June 2022:
- its approved business plan and report to the governing body about the plan; and
- its updated risk register;
- send us an update on its development programme by 31 October 2022. This will include details of the scale and tenure mix, timescales for delivery and any material delays or changes to the programme; and
- tell us if there are any material adverse changes to its development plans which might affect its financial position or reputation, in line with our notifiable events guidance.
What we will do
We will:
- continue to engage with Maryhill as it continues to improve its management of its health and safety duties and its progress to find a solution to the render issues;
- meet with Maryhill’s senior staff to discuss the business plan and other information;
- review the development update and liaise as necessary; and
- update our published engagement plan in light of any material change to our planned engagement with Maryhill.
Regulatory returns
Maryhill must provide us with the following annual regulatory returns and alert us to notifiable events as appropriate:
- Annual Assurance Statement;
- audited financial statements and external auditor’s management letter;
- loan portfolio return;
- five year financial projections; and
- Annual Return on the Charter.
It should also notify us of any material changes to its Annual Assurance Statement, and any tenant and resident safety matter which has been reported to or is being investigated by the Health and Safety Executive or reports from regulatory or statutory authorities or insurance providers, relating to safety concerns.