Housing Exchanges Series The Cost of the Renovation Wave
Time & Location
About the Event
Social, public and cooperative housing providers are front-runners in the transition to an energy-neutral building stock. They operate on the nexus of ‘social’ and ‘green’ policies and are therefore key actors for making the ‘Renovation Wave’ a success.
The raison d’êtrefor social landlords remains offering affordable housing. This implies that at least part of the investment in upgrading the energy performance of buildings cannot be earned back by increasing rents. This funding gap challenges the financial position of Housing Europe members and their ability to invest in decarbonised homes.
In the Netherlands, the Dutch association of social housing providers, conducted a study together with the national government to analyse whether social housing providers have sufficient financial means available to build, improve and make sufficient homes sustainable. This study reported that by 2035 the funding gap will be €30 billion.
Just like British social housing providers experienced with the ‘UK Green Deal’ back in 2012, there is a risk that the Renovation Wave eventually becomes an overly complicated process leading to poor quality work.
· To identify the funding gaps of the Renovation Wave.
· To discuss possible actions at the EU-level to overcome these funding gaps.
· To discuss the potential impact that the Renovation Wave will have on the affordability of housing, retrofitting and new construction.