The organisation's Asset Management and Development Strategies include a material programme of stock disposals, with these properties replaced by new homes built to high environmental standards. It prioritises for disposal the worst-performing assets and those where investment to current standards, including a high level of energy efficiency, cannot be justified. This will have the following benefits, which are communicated with all stakeholders, including the local authorities concerned:
The organisation has considered targeting such disposals at first-time buyers to reduce pressure on the private rented sector in the area.
The organisation has also considered other strategies for dealing with poor-performing assets, including major refurbishment programmes, reconfiguring buildings to better meet current needs, or demolition and replacement with new homes to modern standards. The latter approach would avoid the cost of land on which to build new homes.
Inappropriate strategic approach to development (Standard Control)
Ineffective strategic approach to asset management (Standard Control)