In an updated engagement plan published today, the Regulator confirmed that Fairfield had made good progress implementing its plans for improvement to address the serious weaknesses in its governance and financial management which led to the Regulator’s intervention in December 2018.

Fairfield entered into a shared services arrangement with Kingdom Housing Association in May 2020, with Kingdom providing a range of management services.

Fairfield has now decided that it is in the best interests of its tenants to develop proposals for a formal transfer of engagements to Kingdom to fully address the risks to tenants from Fairfield’s failure to comply with Regulatory Standards.

Helen Shaw, assistant director of regulation, said: “We have decided to continue the statutory appointment of four people to Fairfield’s governing body to provide the necessary support and expertise as it develops its proposals to transfer its homes to Kingdom.

“Tenants will be consulted on the development of the proposals and the proposal will be subject to an independent tenant ballot. We will continue to engage with Fairfield as it develops these proposals.”