Since the announcement of the RIHA Asset Management Plan in 2003, and the Plan's subsequent implementation, RIHA has invested $8 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 $52 million in additional investments in the City over the next 10 to 15 years.

Recommended Asset Management Projects Include:

	Development of the Special Needs Complex
	Demolition and replacement of Lincoln Homes
	Redevelopment of Spencer Towers
	Construction of in-fill and mixed-income housing in multiple Rock Island neighborhoods
	Demolition and replacement of Manor Homes
	Redevelopment of the former Valley Homes site
	Continued upgrades to Sunset Heights
	Refurbish the Hickman Center

Development Projects
RIHA has four projects totaling $44 million poised to move forward based on the availability of funding including:

	Special Needs Complex
	Spencer Towers
	Demolition and replacement of Lincoln Homes
	In-fill housing in multiple Rock Island neighborhoods

Operations
RIHA receives $1.5 million in Operating Funds and $1 million in Capital Funding per year. Operating Funds cover the difference between rents paid and the operating expenses of RIHA. Capital Funds are dedicated to the care and maintenance of RIHA properties and are used to make required improvements and upgrades. The Agency also received $1.4 million in grant funding.

As a property manager and business entity, RIHA:

	Receives $4.5 million in rent and subsides annually
	Spends $1 million per year on sub-contractors and suppliers
	Employs 26 people
	Spends approximately $2.4 million in property maintenance and Capital Improvements
	Spends $600,000 on utility costs
	Spends $1 million on tenant services