Many Social Housing providers are facing serious deficits in vital investment surplus budgets over the next few years – here’s 5 key reasons why:
ENFORCED YEAR ON YEAR RENT REDUCTIONS
This will create a 12 per cent reduction in average rents by 2020/21 and is already starting to severely impact the rental incomes of Housing Associations and ALMOs.
UNDER OCCUPANCY PENALTIES
Through the bedroom tax and LHA (Local Housing Allowance) cap, rental incomes are increasingly at risk on all but the smallest units.
HOUSING MANAGEMENT AND ASSET MANAGEMENT NOT WORKING EFFECTIVELY
Contractor outsourcing and traditional “silo” working approach means that too often Housing Management Teams and Asset Management teams work in isolation leading to poorly targeted maintenance, wasteful reinstatements and unnecessary repairs.
LOW PAY / ZERO HOURS / TEMPORARY ON-BENEFIT TENANTS
The demise of stable long term career opportunities has led to a growth in self-employed and Zero Hour solutions. This is causing widespread arrears volatility across social housing providers.
FOCUS ON SERVICE OVER VALUE
Social Housing providers have focused on service often at the expense of value. Providers now require a culture turnaround which some organisations are finding a challenge.
Neighbourhub is an award-winning estate based commercial management tool that is proven to help Social Housing providers overcome these key challenges by enabling combined Housing and Repair local neighbourhood teams to identify, assess and react to maximise surplus across their estates and ensure they can maintain viable social housing provision. Below is a screenshot of the Neighbourhub Cloud main dashboard, delivering key performance indictors against key metrics and trend analysis over time.
We have a webinar planned for 03/11/2016 to demonstrate how Neighbourhub could help you to over come these, if you are interested please register here.
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