Argyll housing association approves £15.8m investment budget
The Board of Argyll Community Housing Association (ACHA) has approved a budget for 2019/20 which will see an investment of £15.8 million in the Association’s stock of 5,100 homes.
The outlay is broken down into £9.6m of capital investment, £3.9m in reactive repairs and £1.7m of planned maintenance.
Following tenant consultation, the Association is also committing a £1.5m investment over the next five years in external neighbourhood improvements. A repairs contingency of £300,000 has also been introduced as well as £100,000 to improve the Association’s letting standards.
The Association’s Board approved a £1m investment over the next four years for a new housing management IT system as a platform for improving services, efficiency and performance. The budget also commits £4m to go alongside contributions from the Scottish Government and Argyll and Bute Council to deliver ACHA’s plans for 240 new build homes by 2021.
Alastair MacGregor, ACHA’s chief executive, said: “This budget does three things: it invests in our existing housing stock; it identifies and funds priorities coming back from tenant consultation like the neighbourhood improvements; and, through the new housing management system, gives a modernising commitment to service improvement.”
He added: “It also gives a multi-million pound input to the local economy supporting jobs and communities the length and breadth of Argyll and Bute.”