The Investment Directorate are responsible for the development of our new homes as well as ensuring that our homes are maintained to a good standard. During the year 57 new houses were finished and nearly £10 million was invested in building these, and others. In addition the team also started work on developing a further 89 homes, which will be ready in 2011/12.

Incredibly, the Team has spent just over £132 million on building 1370 new houses. This is a remarkable achievement for the Association.

Little did we know that our first development in 1998 of 14 houses, and spend of £294,000, would lead to house building on this scale. To create 1370 high quality rented homes in partnership with tenants brings a real sense of pride and achievement. Being able to contribute so tangibly to improving people’s lives, is a great privilege.’

We look forward to continuing to meet housing need in Lanarkshire with our partners, the Scottish Government and North and South Lanarkshire Councils.’

Some of this money comes from the Scottish Government and the rest the Association contributes.

The Association developed new homes for rent in a number of areas. Details of completed sites and current sites on which we are currently building are detailed on the next page.

The Association developed new homes for rent in a number of areas. Details of completed sites and current sites on which we are currently building are detailed below:

North Lanarkshire

Ravenscraig

This site is a new build project of 27 units, completed at the end of June. The development provides a mix of terraced, semi-detached and cottage flats for social rent.

Mason Street, Motherwell

Work commenced in March 2011on the construction of a total of 31 flatted properties. This is a joint venture with property developers, Merchant Homes.

South Lanarkshire

East Kilbride Consortium

Work continues over 3 sites being developed by the East Kilbride Consortium.

Claremont - a total of 18 flatted properties have been completed and handed over to East Kilbride & District Housing Association (EKDHA).

Crosshouse - EKDHA has taken handover of 13 of a total of 34 new build properties. All 34 units should be completed and handed over by mid-July 2011.

Scholar’s Gate - CVHA has taken handover of 20 properties. On completion CVHA will own 51 units for rent on this site and West of Scotland HA will own 49 units, also for social rent.

Lindsayfield – Catacol Grove

20 new build units for rent – 4 detached houses and 16 flatted properties - are now complete and tenanted.

Quarry Street

This new build project with façade retention of 17 flats plus one commercial unit is now complete and occupied.

Burnbank Phase 4

2 new build bungalows, in the same style as the first 3 phases of the redevelopment of Robertson Street / Anderson Street in the Burnbank area of Hamilton, are due for completion in August 2011.

Throughout last year the Clyde Valley Group continued to review its Asset Management Strategy. The purpose of this is to rigorously review our properties condition and our planned investment over the next 30 years in order to improve targeting of expenditure to areas of need at the appropriate time.

The Group is committed to prudent property investment and will continue to efficiently maintain its houses to a good standard. CVG will continue to explore innovative asset management and procurement opportunities in order to maximise value for money.

We launched our first Asset Management Strategy. This will provide us with a firm foundation for targeting our investment resources efficiently and effectively in future years.

Most of our stock is in good condition and meets the Scottish Housing Quality Standard (SHQS). And we’re continuing to invest so that as many as possible of our remaining houses meet this standard by 2015. We also need to make sure that as our housing stock gets older, that we’ve got clear and sustainable long-term plans for maintaining our properties and estates to a good standard.

During 2012/13 we’ll continue to invest in our houses, but we’ll also be focusing on investment planning priorities and options for the years ahead.