HRABP - Draft 8 - Flipbook - Page 30
6 Investment Programme
1. Programmed investment in
current housing stock
We undertake a programme of stock
condition surveys that are captured on an
asset management system. This updates
our stock data with the work carried
out and informs long term investment
requirements. Total planned capital
investment in the existing HRA housing
stock totals £83.8m over 30 years on a
range of elements including: kitchens,
bathrooms, guttering and fascia, external
doors, re-roofing, re-wiring and central
heating systems in order to maintain the
housing stock in good condition. Details of
each element’s investment can be found in
Appendix A.
Total planned capital investment
in the existing HRA housing stock
totals £83.8m over 30 years.
Investment in the sustainability of our
housing stock will continue including
ongoing improvement in the energy
efficiency of the stock through air-source
heating, photovoltaic panels, condensing
boilers etc.
2. Stock redevelopment and
adaptation
We recognise that the current housing
stock we own is getting older and will
require increasing investment to maintain
it. A variety of factors influence our decision
to redevelop or adapt our stock:
•
Improving
energy
performance,
particularly in older properties. Our
corporate obligations to reducing
carbon emissions as well as a recognition
of our duty to address fuel poverty
30 East Suffolk HRA Business Plan 2018 - 2048
with our more vulnerable tenants will
continue to focus how we improve our
properties;
•
Demand for housing changes over time
and we have seen in the last 5 years a
strong growth in demand for one and
two bed homes, away from three bed
homes. Our current redevelopment is
being driven by this demand.
•
The viability of some of our housing
changes as the level of investment
becomes too great. These type of
properties can become increasingly
difficult to let and become a liability
to us. Consideration is being given
therefore to convert these to either
something
that
is
needed
or
potentially dispose of them on the
open market and re-invest the money
in more appropriate stock
The current programme has been reviewed
following recruitment of a specialist officer
to manage our redevelopments. The table
below lays out the number of units of
accommodation that may be redeveloped
each year and the resultant actual additional
units that could be expected to become
available. The programme to 2023 has
more certainty on delivery with properties
already identified and the upgrading work
of the remainder of our bedsit properties to
one bed accommodation being completed.
Ongoing years are projections that assume:
•
The budget projection is maintained
and no additional resource through
borrowing is made available.
•
Minimal acquisition and redevelopment
takes place in the south of East Suffolk.
