Asset Management Strategy
Before the transfer of the housing stock from Bath and
North East Somerset Council, the Trust gave a commitment to
complete a massive programme of property improvements across much
of the stock over a period of 10 years. This commitment was known
as the 'Transfer Promises'. The programme was completed in
2009/10.
As well as carrying out the improvements, the Trust also gave a
commitment to address the condition of its concrete houses (known
as Pre-Cast Reinforced Concrete or PRC Homes). A decision was taken
to redevelop a number of these across Keynsham, Twerton and Weston.
This shows that when managing a large stock of housing, the
solution for poor quality housing will not always be refurbishment.
Deciding when to improve and when to replace are key decisions for
any Housing Landlord. These are all components of an organisation's
approach to managing their homes or assets. This is commonly known
as Asset Management.
All housing landlords need to have a clear approach to how they
manage and maintain their homes. In order to do this, they develop
an Asset Management Strategy. For the first 10 years of the Trust's
existance, the delivery of the Transfer Promises and the
redevelopment of the PRC homes was effectively the Asset Management
Strategy. With the completion of the Promises, the Trust has now
developed a new Asset Management Strategy.
A summary of the document can be
viewed here.