London’s social housing agency needs $456M for aging buildings

London’s social housing agency needs $456M for aging buildings

The organization that runs social housing in London will need to spend more than $450 million over the next decade to keep its aging buildings in good repair, but that could be a challenge due to a lack of funding.

London andย Middlesex Community Housing (LMCH), formerly known as the London Middlesex Housing Corporation, presented its 2018 annual report to the city’s strategic priorities and policy committee on Monday.

LMCH operates more than 3,200 housing units across 32 different properties, with an average age of 50 years, according to the report.

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