Ongoing financial instability and inflation levels have caused uncertainty in many sectors, and social housing is no different. Lifespan has developed an Asset Liability Register (ALR) and Property Performance Tool (PPT). In real terms, this means that housing associations should, within their Asset Liability Register, maintain sufficient information to enable the accurate valuation of their assets and any related liabilities.

Asset managers should store traditional asset information like address, local authority, property type, and tenure alongside other key information like rental income, market value, management costs, repair costs, loans, charges, restrictions, indemnities, etc.

This asset data should be referenced in one easy-to-access location – the Asset Liability Register, which is considered the ‘best practice’ for effective and efficient stock management.

This information can also help organisations assess value for money and risk.  Lifespans ALR & PPT tools are designed to meet these requirements and help social housing providers understand the return on their assets, enabling them to review future strategies for optimising these assets and potential returns.

To be compliant with financial viability standards, all housing associations are required to ensure their long-term viability. This must be done by carrying out detailed and robust stress tests against identified risks and combinations of risks. This allows the housing association the opportunity to plan and implement appropriate mitigation.

This has never been more relevant with the current instability in inflation levels. The PPT provides the ideal tool to undertake this stress testing to highlight risks through the calculation of Net Present Values (NPVs) and yields in various scenarios.

Lifespan Asset Liability Register (ALR) and Property Performance Tool (PPT) have been designed to provide Lifespan Housing users with an innovative software application to help evaluate the performance of their housing stock. Conventional book-keeping assessments are unsuitable for supporting asset management decisions and although most housing associations collect a lot of data, they do not really evaluate their performance by comparing their output against pre-set targets and benchmarks, particularly in evaluating social return.

Property Tectonics provide integrated professional expertise and software solutions in the management of the built environment. To discuss our Lifespan ALR and PPT, or for any queries about our services or software, get in touch - contact us