Purpose

Approval of the routemap to compiling a
Council Housing Asset Management Strategy.

Content

12.1.1

On the 1st April 2024 the Regulator of Social Housing (RSH)
revised the Consumer Standards which regulated the social housing
sector and introduced the Safety and Quality Standard which
regulates all aspects of building maintenance and safety. Sheffield
City Council (the Council) currently does not have an Asset
Management Strategy.

 

 

12.1

Members considered a report of
the Executive Director, Neighbourhood Services seeking approval
from the Housing Policy Committee to approve an Interim Asset
Management Strategy 2025/2029.

 

 

12.2

RESOLVED
UNANIMOUSLY: That the Housing Policy
Committee:-
 

 

 

12.3

Reasons for Decision

12.3.1

The introduction and implementation of the
Interim Asset Management Strategy is a key component in the Council
responding to the C3 Regulatory Judgement received in July 2024 by
demonstrating that the Council has a robust process in place for
understanding its stock data and demonstrates how the Council will
maintain, improve, and develop their housing stock. Also, the
development and implementation of a documented approach to asset
management will also ensure that residents and stakeholders
understand the Council’s approach to asset management and
asset investment.

 

 

12.4

Alternatives Considered and Rejected

12.4.1

Alternative Option
1:
 
Do
Nothing:
 
Not an option as the Council is
subject to a ‘C3’ Regulatory judgement and needs to
demonstrate that it fully understands its asset requirements to
achieve compliance.

 

 

12.4.2

Alternative Option 2:
 
Only Produce a Full
Asset Management Strategy in March 2026
 
Not an option as the Council has been working
with the Regulator of Social Housing and have agreed to develop an
Interim Asset Management Strategy.