Social Housing in England
Prior to last year’s budget, if you were a Housing Association in England, you could probably budget on increasing rents by RPI plus £0.50p per property per week. This expectation was confounded over-night by the immediate imposition of a one percent per year rent reduction to run over five successive years.
In five years’ time, this equates to an overall deficit against your pre-budget plans of circa. 12%.
Universal Credit is also leading to an increase in bad debt for many housing providers putting further strain on budgets.
Furthermore, the HCA has recently begun its In Depth Assessment process requiring Housing Associations to demonstrate that they are providing value for money.
So how are you going to bridge the gaps?
At PIMSS, we believe that a significant part of the answer lies in having an effective and efficient Asset Management function tailored to the needs of your organisation. We also believe that an effective and efficient Asset Management function is about much more than just having the right software. To see how we could help you Bridge the Gap, click below for our free Asset Management Health-Check.