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Argyll Community Housing Association’s (ACHA) board have approved expenditure of nearly £32.5million during the next financial year.
Some £20million of this figure will be spent on improving and upgrading its existing stock, broken down into £12.1million on capital improvements, £7.5million on repairs and planned maintenance and £260,000 on aids and adaptations; broken down on a per unit basis this equates to £3,854 per unit. The association also plans to invest £3.4million in a programme of around 100 new build homes.
In terms of investment in its existing stock, priority will go towards energy efficiency as part of works to 1,000 properties and the Association also plans to install 200 new heating systems and 120 new kitchen and bathroom packages.
In terms of external security, the association plans to install 189 new door entry systems in tenements as well as 254 window replacements in existing stock. ACHA also plans to invest a further £300,000 in its exemplar estates initiative focusing in on environmental improvements.
The total budget for expenditure, when staffing and other management costs are included, amounts to £32.5million.
Alastair MacGregor, ACHA’s chief executive, pictured, said: ‘This expenditure profile will not only invest in making our homes and services better, it will continue to be a stimulus in the local economy at this difficult time – £32.5million will see investment resulting in new homes right through to ACHA purchasing timber and breeze blocks from local suppliers and a whole range of economic spin-offs in between.’
He further added: ‘This is an investment for home improvement, service delivery and jobs.’