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Asset Management

Investing in Homes

A strategic framework has been developed based upon a stock condition survey, demand, and suitability. 97% of our homes meet the Decent Homes Standard and an Asset Management Strategy, formulated with residents, is in place to secure continuous improvement. Emerging needs include motorised scooter/wheelchair stores, resident's car parking, electrical testing, and external environment works to boundary walls and gates - enhancing both the appearance and perceived security of the homes.

Where poor housing demand or uneconomic investment is required, homes may be sold on the open market. To date 78 homes have been sold and the proceeds will be used to develop new two-bedroom room bungalows. Where the existing properties are unsatisfactory, but the site is excellent, homes are re-developed. One group of homes - Sherburn Village is currently being redeveloped where a terrace of 12 one-bedroom bungalows, built in 1924, will be replaced with 16 two-bedroom bungalows on the same site.

Repairs and Maintenance

An appointment system is available to residents, and our network of locally based contractors carried out 5186 repairs during 08/09 and provided an excellent service, not only in the quality of works, but also in their local knowledge and consideration for residents.

Works completed on schedule:

Emergency Urgent Routine
2007/08 Actual 98.54% 97.53% 98.94%
2008/09 Actual 98.6% 96.7% 98.8%
2009/10 Target 99.0% 98.0% 99.0%

Voids

A void letting standard is established. Re-let times were 4.4 weeks for 2008/09.

Affordable Homes

A Housing Strategy is in place, which targets to build 30 new bungalows a year via a development partnership with Isos Developments, accessing Government Capital Grant. The balance of monies is obtained from banks, building societies and reinvestment of sale proceeds.

Recent Completions

Easington
12 2 Bedroom Bungalows

Ushaw Moor, Durham
17 2 Bedroom Bungalows

Pelton Fell, Chester-le-Street
10 2 Bedroom Bungalows

Projects on Site

Capital Grant Allocation Secured (via Nomad E5)

Bowburn, Durham
10 2 Bedroom Bungalows

Sherburn Village, Durham
16 2 Bedroom Bungalows

Annfield Plain
9 2 Bedroom Bungalows

New homes are key to the long term financial viability of the Association and will be developed in accord with the North East Regional Housing Strategy.