One of the social housing sector’s most enduring viability assessment tools, ProVal LS from SDS, is celebrating its 20th birthday.
ProVal was the brainchild of SDS’s late founder, David Shelton, who wrote the original programme in 1996. At the time, very little appraisal software existed and ProVal helped local councils and housing providers to assess the viability of projects in real time. The software is now being used by 350 housing providers and 40 local authorities.
The software forecasts NPV and IRR and long-term cash flow by tenure, unit and scheme. It also consolidates multiple schemes or phases into one appraisal.