Output Class 5: Property Management Agency Services

About us

Statement of Responsibility
Statement of Forecast Service Performance
- Output Class 1: Advisory Services
- Output Class 2: State House Tenancies
- Output Class 3: Policy Advice
- Output Class 4: Financial Assistance - Housing
- Output Class 5: Property Management Agency Services
Statement of Forecast Financial Performance
Forecast financial statements

About us

Output Class 5: Property Management Agency Services

Description
The scope of this Output Class is limited to property management and development services on behalf of the Crown in relation to land and buildings that have been transferred to direct Crown control, accounted for within the Crown's Housing Agency Account. The services are provided under the specific authority and requirements set out in the Housing Act 1955 and the Housing Agency Accountability Agreement between the Corporation and the Minister of Housing.
Performance Information
Measure	Standard - 2009/10	Standard - 2008/09
5.1 Adding to the Housing Portfolio (Crown)
Location and configuration of new land - new land acquired is suitable for housing purposes, consistent with asset categories 2 and 3 of the Housing Agency Account Accountability Agreement	All	New measure
5.2 Management of Existing Properties (Crown)
Investment in planned maintenance - consistent with planned maintenance programme	All	New measure
Housing quality - houses maintained consistent with the Corporation's specifications and maintenance standards	At least 88 percent of portfolios will have 9 or fewer defects	New measure
Rent management - benchmark rents consistent with market rents	Updated quarterly	New measure
5.3 Upgrade of Existing Properties (Crown)
Investment in upgrades - upgrades of existing Crown houses	Nil	New measure
5.4 Divestment of Properties (Crown)
Disposals - revenue to the Crown from the sale of Crown land established legal issues arising from completed divestments (from the current or previous years)	Nil Nil	New measure New measure
5.5 Housing Development Projects (Crown)
Major milestones completed - development projects managed in accordance with the work programme in the Housing Agency Account Accountability Agreement: development plan for the Weymouth site in Auckland formulated	Milestones achieved By 30 June 2010	New measure New measure
5.6 Housing Development Project - Hobsonville (Crown)
Major milestones - Hobsonville development project managed in accordance with the work programme in the Housing Agency Account Accountability Agreement: civil works and infrastructure in place - Stages 1A - 1B New Zealand Defence Force land - acquisition of the first tranche completed sale and purchase agreements (Stages 1A - 1B) finalised	Milestones achieved 30 - 40 dwelling sites By 30 June 2010 30 - 40 dwelling sites	New measure New measure New measure New measure

Contextual Information

Estimated demand

5.2 Management of Existing Properties (Crown)
Houses held: 39 - 42
Blocks of land held (not under development or declared surplus):

Weymouth, Auckland - business case required
Dominion Road, Auckland - small access strip to Papakura development, there is no ability to develop this land
Eastling Road, Christchurch - funding required for development to proceed

Development projects

Gateway Housing Initiative - this initiative is currently being developed (see Output Class 3 Policy Advice). The outcome of this process is likely to impact the performance standards set out above.