NYCHA: 175,000+ Units Need $45 Billion Repairs + Energy Efficiency? Impossible?

terraced houses in UK
Redpoll Way and Redstart Way in Abbeymead, Gloucester photo by AmosWolfe is licensed under CC BY-SA 4.0
Preparations are underway to "green" 4 million homes like these across the U.K.

With the kinds of New York City Housing Authority numbers in the headline above, it’s not surprising that even large governments (think cities, states, feds) can’t be seen for dust as they stampede towards the exits. Surely it can’t be done!

But this seemingly impossible task fades in comparison to the problem facing the United Kingdom. In spite of neglecting its council housing stock for decades, it still has approximately 4,000,000 socially rented homes1 scattered across a small country. It’s more needed than ever.

Where there’s a will, there’s a way. The UK is already committing funding needed to bring its social housing up to national energy efficiency requirements by 2050.

That funding adds up to new business opportunities and profits. Read how one social housing maintenance specialist is planning the complex enterprise of “climate-protecting” socially rented housing in FACILITIES MANAGEMENT JOURNAL: Wates launches social housing energy services

Footnotes

  1. The article attached to this post indicates that one social housing maintenance specialist will be involved in retrofitting 5,000,000 homes. Government data indicates the total number of socially rented homes to be in the range of 4,000,000. Read more in Social Housing Lettings: April 2018 to March 2019, England

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