The Quality Housing and Work Responsibility Act of 1998 (QHWRA) requires Public Housing Authorities (PHAs) to conduct an Asset Management Assessment for each of its properties. The purpose of the assessment is to review the present and future use and value of each property. As part of an Asset Management Plan, a decision must be made to keep and maintain, to keep and upgrade, or to demolish and replace each public housing property.

In response to QHWRA, RIHA prepared an Asset Management Plan in 2003. One of the most important goals of the Plan was to provide current and future residents with more housing options. As a result, RIHA committed itself to building new communities based on transition and hope. In doing so, RIHA began to move from the provider of public housing to an organization focused on providing affordable housing to a broad-based market. The Asset Management Plan is the agency's strategic plan for the next 20 years. It is also part of the City's Consolidated Plan, the New Old Chicago Redevelopment Plan and the Illinois/Iowa RiverVision Plan.

Since 2003, RIHA has invested $21 million in new construction and development in the City of Rock Island. Based on the full implementation of the RIHA Asset Management Plan, the Agency estimates the potential for $62 million in additional investments in the City over the next ten to fifteen years.

The RIHA Asset Management Plan was reviewed and updated in 2008.

For additional information, please call 309.788.0825 or e-mail Housing@riha4rent.org.