Arrangements are in place to detect plans and proposals to make alterations to relevant standards, including the Decent Homes Standard / Future Homes Standard, and standards relating to specific types of accommodation, including Registered Care Homes.  Prudent assumptions on the costs of achieving and maintaining compliance with these standards are fully incorporated into financial plans.  The proposed requirements of the new or changed standards are also factored into planned works programmes.

If based in England, the organisation has undertaken a thorough analysis of the costs of complying with the proposed requirements of the new Decent Homes Standard, including the planned Minimum Energy Efficiency Standard.  The impact on the asset management strategy and financial plan has been evaluated, with adjustments made as necessary to remain within the golden rules.  The loss of development capacity has been assessed and shared with the NHF, to enable them to calculate the impact across the whole sector.  Planned stock disposal programmes may need to be increased in order to maintain an acceptable level of financial headroom.

The organisation has also considered participating in the pilot scheme planned by the NHF with the aim of finding a more cost effective way to ensure that good-quality floor coverings are in place at the start of all tenancies.  The organisation has engaged with its suppliers to identify what new supply chains need to be established to comply with the new requirements and to assess how robust these will be.  It has also engaged with residents regarding the changes to ensure that work undertaken to comply with the new Standard meets their needs.