SELF ASSESSMENT COMPLIANCE STATEMENT
YEAR ENDING MARCH 2008
SACS Template B: Asset Management/4th Traffic Light
See the SACS Process Note
for further information about our approach and this template.
Use this document to store Asset Management information in its entirety. It is not
necessary to summarise or analyse the information here.
The Stock Investment Strategy and associated forward maintenance plans are
response on Asset
reviewed on a rolling basis and updated as necessary, and this is reflected in the
business plan for each group member. One important development is that the THA
Traffic Light (cut
business plan assumption on stock investment applies the SHA
and paste directly
increased investment) for the first time this year.
All 3 subsidiaries now have active asset management re-development
programmes represented by 6 complex schemes, all of which will deliver additional
family or specialist accommodation. The related business plan assumptions are
that these re-development schemes will be self-financing within a programme
through the sale of redundant or uneconomic assets. This is the only aspect of the
business plans that is reliant on sales as no grant is assumed. This is a deliberate
strategy in recognition of the high cost of re-development.
has also established an Asset Management Programme Board in the last
year to ensure thorough option appraisal and cost benefit analysis in relation to
asset management sites and that value is optimised. SHA’s Asset Management Strategy (AMS)
, approved by the management board
in April 2007, sets out its vision for creating and maintaining sustainable homes,
neighbourhoods and communities. Using a range of business indicators the
priority projects are identified for disposal, regeneration and reinvestment.
A number of strategically sensitive development projects, as referred to in last
years SACS, have already been appraised and progressed through the
Management Board. Of note are the Bardown site in Chieveley which has been
sold and Play Platt (Theale) and St Donats (Newbury) both of which are now on
site. In 2008/09 SHA
has prioritised five projects, including Malvern Close, Willow
Close and Hutton Close (all in Newbury), focusing on outdated sheltered housing
In recent months, the SHA
Property Services Team has been working with THA
derive a new forward maintenance plan. The objective of this is to ensure parity in
stock investment across the group. The new plan therefore enables the THA
to be maintained to a similar level and standard as the SHA
The long term phased proposals for the redevelopment of the Somerford Estate
were launched in September 2007, based on self-financing within the context of
the business plan. The first major phase of the Somerford Project, Cheviot Court,
is now on site. VHA
carried out a Stock Condition Survey in 2004 – covering 20% of its stock.
The 30 year spending programme forecast falls within the existing business plan
timeframe and can be comfortably met within the existing funding arrangements.
A new Asset Management Strategy was adopted by VHA
Board in November
Decent Homes Strategy forms part of the Asset Management Strategy and
includes information on how properties are assessed and categorised depending on
SACS 2007 | Template B internal check and analysis