Asset management (social housing)
- Asset management (social housing)
Asset management within the context of social housing (See council housing) in the UK is a relatively new specialism. It pertains to the function within a Registered Social Landlord (Housing Association, Arms Length Management Organisation or Local Authority housing department) that is responsible for the long term management of social housing stock.
This includes projecting future costs to maintain housing stock at the required standard (In England this is the Decent Homes standard (see [http://www.communities.gov.uk www.communities.gov.uk] ), managing programmes of capital investment and undertaking stock options appraisals (To understand when it might be beneficial to sell or demolish stock rather than maintain it).
Initially the Office of the Deputy Prime Minister, and now the Department for Communities and Local Government, are responsible for defining the national housing strategy and define the guidance within which local authority housing offices must operate. Private sector housing trusts operating in this sector are regulated by the Housing Corporation. Asset managers are monitored by the Audit Commission who grade each organisation against these national strategy guidelines.
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