Investing in affordable homes
As a social landlord, a key part of our purpose is investing in much needed affordable homes, both maintaining and improving our existing homes and building new ones.
Investing in our existing homes
Investing in our existing homes is our bread and butter, ensuring the continue to meet the needs of our customers and national standards such as the Scottish Housing Quality Standard and the Energy Efficiency Standard for Social Housing. Our Assets & Development strategy gives us a clear strategic approach around investment plans for our existing homes.
As part of the strategy, we are also developing a strategic approach to digital asset management including getting ready for the digital switchover in 2025 and embracing smart home technology.
We are investing in our homes across our communities in improving, modernising and maintaining our homes and plan to spend over £18.8m over the next five years. We invested £4.8m during 2022/23 which included new kitchens, bathrooms, heating systems, roofs, windows, doors and outdoor spaces.
Building the homes our communities need
We don't just rent affordable homes, we build them too. We have been developing new homes since our beginnings and increasing the supply of quality, affordable homes which meet the needs and aspirations of our communities is a key part of our purpose and why we exist. The demand for affordable homes across Scotland is increasingly outstripping supply and social landlords have a key role, along with the Scottish Government, local government and private house builders, in addressing need.
We mainly build affordable social rented homes for general needs and later living but branched out into mid-market rent for the first time in 2015. We are building homes for our customers today and their children and grandchildren. New build housing also supports us to keep rents affordable for our existing customers.