The primary focus of this contract is to produce a strategic plan and provide a high-level blueprint for ongoing activities and processes that the Regional Housing Assembly will use to coordinate and align resources and actions throughout the network systematically. This contract will utilize Virginia Housing Capacity Building funding to complete this and there are requirements for the strategic plans developed utilizing these funds. The following components must be included in the final strategic planning deliverable. These elements are foundational and identified as the minimum elements to include in the plan. 1. Mission 2. Vision statement 3. Values statement/Guiding principles 4. SWOT analysis - an assessment of thew RHA’s internal and external position, specifically our strengths, weaknesses, opportunities, and threats. 5. Competitive analysis – a detailed analysis of the RHA’s competitors and/or collaborators, performance, and competitive advantage 6. Short-term goals/priorities/initiatives - specific performance targets that fall within the one- to two-year time horizon 7. Long-term objectives - strategic focus areas span a three-year (or more) time horizon. 8. Action items - specific statements explaining how a goal will be accomplished. They’re the areas that move the strategy to operations and are executed by teams or individuals within one to two years. 9. Scorecard tools – The scorecard to report the data of your key performance indicators (KPIs) and track your performance against the monthly targets. 10. Financial assessment – An assessment statement based on historical records and future projections that plan and predict the future of the RHA’s financial performance.
