Function

• The role of business planning in housing organizations is to develop guidelines which will improve the type of housing available. Business planning also helps housing authorities identify the resources that are available for tenants and housing providers and areas where resources are lacking.
  
  

Components

• The current successes and opportunity areas of the organization will determine the overall purpose of the plan. A business plan should outline the goals of the organization through market analysis and research. A successful housing organization plan will provide an assessment of local housing needs as well as the resources available to meet those needs. In addition, the plan should include strategies that will be implemented to create new community housing programs.
  
  

Benefits

• Planning can help housing organizations remain on track to meet budget and program objectives. Following the plan allows housing authorities to be more organized and run more efficiently. Funds are allocated more effectively and decision-making is improved through strict adherence to the goals and objectives of the plan.