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Effective URL: https://www.bloomberg.com/news/features/2023-11-27/america-s-aging-housing-stock-takes-toll-on-public-health?utm_campaign=...
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Many low-income renters in US cities live in substandard conditions in older, unhealthy units. Photographer: Brooks Kraft/Corbis Historical via Getty Images Citylab Housing THE OTHER HOUSING CRISIS: TOO MANY SICK, AGING HOMES An aging US housing stock poses health risks to residents as much-needed repairs fall behind and the effects of climate change take a toll. FacebookTwitterLinkedInEmailLink Gift FacebookTwitterLinkedInEmailLink Gift By Patrick Sisson November 27, 2023 at 8:00 PM GMT+1 BookmarkSave The Summerdale apartments used to look a lot like many other housing complexes in low-income parts of US cities. It’s a compound of low-slung suburban-style buildings built in two phases starting in the early 1970s, located near Interstate 75 in Atlanta’s Glenrose Heights neighborhood When developer Marjy Stagmeier’s firm, TriStar Real Estate Investments, bought the 244-unit property in 2018, Summerdale needed millions of dollars in repairs. Tenants reported mold and insect infestations, broken appliances and leaking roofs; several units were vacant and partially burned out. The conditions took a particularly harsh toll on Summerdale’s youngest residents: Of the 68 children living there who attended nearby Cleveland Avenue Elementary School, most had asthma, Stagmeier says. Have a confidential tip for our reporters? Get in Touch Before it’s here, it’s on the Bloomberg Terminal Bloomberg Terminal LEARN MORE Terms of ServiceManage CookiesTrademarksPrivacy Policy©2023 Bloomberg L.P. All Rights Reserved. CareersMade in NYCAdvertiseAd ChoicesHelp