Why we are engaging with Milnbank Housing Association Ltd (Milnbank)
We are engaging with Milnbank about its development plans.
Milnbank is considering developing new homes for social rent. Its plans include a site start in early 2025.
What Milnbank must do
Milnbank must send us an update on its development plans by 31 May 2024.
What we will do
We will:
- review the development update and engage as necessary; and
- update our published engagement plan in the light of any material change to our planned engagement with Milnbank.
Regulatory returns
Milnbank 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.