Page 11 - 2015 CHC Annual Report

Windsor Essex CHC 2015 Annual Report www.wechc.com 11

UNDER CAPITAL CHC HAS ESTIMATED A $65 MILLION CUMULATIVE
PRESSURE UNFUNDED CAPITAL LIABILITY OVER THE NEXT
10 YEARS.

CHC recognizes the housing stock is aging and Over the next 30 years, CHC’s average annual
does not reflect the needs of our community capital needs are $8.5 million and the current
today. In 2015, CHC engaged consultants to capital funding is approximately $3.5 million.
prepare a comprehensive regeneration/capital Maintenance/Repair funding is being used to
asset plan for CHC’s entire portfolio. The rec- prolong the useful life of capital items.
ommendations will be presented to the City of CHC and the City of Windsor, Housing Services
Windsor, Housing Services Unit in 2016. We are Unit have been working toward the establish-
focusing on community needs and service de- ment of reserve funds for the public housing
livery and evaluating program financial sustain- portfolio.
ability. The Asset Management Department under
We plan a phased approach to completing Build- took $3.1 million in capital projects during 2015.
ing Condition Audits (BCA’s) on all CHC proper- These projects included, utility retrofits, roof
ties to update CHC’s Facility Condition Index replacements, floor replacements, elevator
(FCI). This information will help to guide future upgrades and fire panel upgrades.
spending decisions, with regard to priorities and
provide data for potential regeneration oppor- ELECTRICAL SHOCKER $7.5
tunities.
MILLION SPENT IN UTILITY COSTS

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