6 Investment Programme1. Programmed investment incurrent housing stockWe undertake a programme of stockcondition surveys that are captured on anasset management system. This updatesour stock data with the work carriedout and informs long term investmentrequirements. Total planned capitalinvestment in the existing HRA housingstock totals £83.8m over 30 years on arange of elements including: kitchens,bathrooms, guttering and fascia, externaldoors, re-roofing, re-wiring and centralheating systems in order to maintain thehousing stock in good condition. Details ofeach element’s investment can be found inAppendix A.Total planned capital investmentin the existing HRA housing stocktotals £83.8m over 30 years.Investment in the sustainability of ourhousing stock will continue includingongoing improvement in the energyefficiency of the stock through air-sourceheating, photovoltaic panels, condensingboilers etc.2. Stock redevelopment andadaptationWe recognise that the current housingstock we own is getting older and willrequire increasing investment to maintainit. A variety of factors influence our decisionto redevelop or adapt our stock:•Improvingenergyperformance,particularly in older properties. Ourcorporate obligations to reducingcarbon emissions as well as a recognitionof our duty to address fuel poverty30 East Suffolk HRA Business Plan 2018 - 2048with our more vulnerable tenants willcontinue to focus how we improve ourproperties;•Demand for housing changes over timeand we have seen in the last 5 years astrong growth in demand for one andtwo bed homes, away from three bedhomes. Our current redevelopment isbeing driven by this demand.•The viability of some of our housingchanges as the level of investmentbecomes too great. These type ofproperties can become increasinglydifficult to let and become a liabilityto us. Consideration is being giventherefore to convert these to eithersomethingthatisneededorpotentially dispose of them on theopen market and re-invest the moneyin more appropriate stockThe current programme has been reviewedfollowing recruitment of a specialist officerto manage our redevelopments. The tablebelow lays out the number of units ofaccommodation that may be redevelopedeach year and the resultant actual additionalunits that could be expected to becomeavailable. The programme to 2023 hasmore certainty on delivery with propertiesalready identified and the upgrading workof the remainder of our bedsit properties toone bed accommodation being completed.Ongoing years are projections that assume:•The budget projection is maintainedand no additional resource throughborrowing is made available.•Minimal acquisition and redevelopmenttakes place in the south of East Suffolk.
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