Gardeen Housing Association faces a challenging time during 2018-2020 due to the changes that arise from ongoing welfare reform, reductions in income, increases in expenditure including pensions and continued focus on meeting the demands of the Charter and the Scottish Housing Regulator. There will also be a challenge from the Wheatley Group as they build new homes in the community area. There is also likely to be financial uncertainty as a result of the implications of Brexit. This could result in increases in inflation and interest rates. However, the Association is equipped to deal with these changes as it has well-informed and trained staff and committee and takes advice and support from external organisations and partners. The Association has maintained a low level of arrears and continues to perform well in relation to rent arrears and voids. The Association has a low level of debt and manages its financial affairs closely. There is a clear programme of internal audit and the risk register is reviewed on an annual basis. Gardeen has a low regulation with the Scottish Housing Regulator.
There is also likely to be changes as a result of the classification of housing associations and the consequences of changes to the Scottish Housing Regulator.
Compliance with new data protection legislation will be a new challenge as will compliance with Freedom of Information.
The main aim of the Association is to maintain an independent, quality local service to tenants, applicants and owners of Gardeen Housing Association.
The Management Committee have analysed the risks facing the Association as part of the planning day and will focus on managing these risks during 2018-2010. The Management Committee are also prioritising the risks and financial challenges that the Association will face in 2018-2020. The Management Committee will receive on-going training, accurate and updated reports and information to ensure that the challenges and risk are managed effectively.