Value For Money Statement 2016 VFM Statement 2017 | Page 6

VFM AT A GLANCE
VFM is an embedded and well established working practice within Accord. In the last five years Accord has...
Invested £135 million
in the delivery of new
housing supply Improved social housing
lettings operating margin by
5%, from 29% to 34% Reduced social housing
lettings total operating costs
by 9%, or £291 per unit
A total investment of over £73
million in maintaining and
improving the Accord’s
existing homes. Invested over £6,300 per
home in maintenance and
improvement works Employed an average of
3,400 colleagues
Invested £240 million back
into our communities and
the local economy through
employment opportunities Delivered around 1,000 new
homes to our communities
with 1,247 planned in the
next three years Generated over £22million from
the disposal of properties to fund
the supply of new homes
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Accord Housing Association