Genus Capital Management’s Post

One of the more positive trends I've noticed of late is the realization that neighborhood-scale action is critical to solving some of the most pressing climate challenges. Here's an example of why this matters: In the wake of the financial crash, newly elected President Obama passed the Recovery Act in 2009, which included a $5 billion home energy retrofit/weatherization program that was designed to boost the economy while also helping homeowners reduce their energy bills and carbon emissions. Win-win-win, right? My late mother, who lived in a lovely bungalow house built in the 1930s that still had its ORIGINAL FURNACE, benefited from this program. But here's the thing: she was a very proactive and informed person who knew how to take advantage of such things. She was also semi-retired and had the time to be her own advocate. This is not most people's situation. By January 2012, 612,390 homes or apartments had received energy retrofits courtesy of the stimulus bill. This is a good thing but not nearly good enough. Today, only 1% of buildings globally have undergone retrofits, and it's not necessarily due to a lack of money. It's due to putting the burden on individuals versus a community-scale approach. This is why Bankers without Borders (BwB) has developed a "place-based approach" to financing and implementing residential retrofits. Find out how bankers without borders is one of a growing number of organizations that is pioneering place-based action to address climate challenges. Thanks to Christine Zhou and Rupesh Madlani for this Agenda post for the World Economic Forum. https://lnkd.in/eRcWTDBw

With a renewed focus on the UK's net zero targets under a Labour Government, the housing market is still facing significant challenges. One such challenge is the legislation introduced earlier this year for the new build sector, which requires developers to incorporate biodiversity net gain into their project planning. Lenders will need to get to grips with these requirements, as lending against new build homes that must meet this legislative standard will require a new level of due diligence. The biodiversity net gain legislation will increasingly influence lending decisions as new developments are completed and buyers apply for mortgages. Lenders are already dealing with the complexities of assessing and quantifying carbon emissions for assets on their balance sheets. Much of the data available for this assessment comes from energy performance certificate bandings, which can often be inaccurate or outdated. While the renewed push for greener solutions under the Future Homes Standards is generally seen as a positive step in the housing industry, significant challenges remain in measuring deliverability. A key aspect of this is accounting for the real volume of housing and existing stock cannot be overlooked. Although it may seem that lenders are facing an overwhelming workload, there are solutions and data partners available to assist with these elements. Read more The Intermediary Sept issue pg 46 ➡️https://lnkd.in/eXJZVBmU ➡️https://lnkd.in/eWApcVp5 #netzero #lenders #retrofit #climatechange #biodiversity #legislation

Financing net zero neighbourhoods in the UK: An integrated approach. How can we finance the retrofit of over 29 million #homes in the UK? A panel of experts discuss with RICS… https://lnkd.in/eF6z8gy5 #netzero #housing

Have you factored independent evaluation into your retrofit funding bid? As councils and organisations apply for #Wave3 of the #WarmHomes: Social Housing Decarbonisation Fund, it’s useful to examine the critical role of behaviour to the success of any intervention. Our research for the Department for Energy Security & Net Zero showed that effective retrofitting goes beyond physical upgrades. It requires understanding of the behavioural and socio-economic factors that influence residents’ engagement and satisfaction. For the first of two blogs, our Behavioural Economist, Leanne Kelly shares her tips on improving retrofit outcomes with robust, behaviour-informed Monitoring & Evaluation - this, she explains, is key to scaling retrofit efforts much more efficiently across social housing. https://lnkd.in/ef2Q2uVq #shdf #retrofit #evaluation

What Do you think is the future of Urban Development in Smart cities and the impact on Real Estate? Hey! You must discover the transformative impact of smart cities on urban development and real estate markets, navigating from innovative technologies elevating living standards to evolving strategies for sustainable, interconnected communities. 🔥Book a call today, and let us help you achieve your dreams! Call now to know more! https://lnkd.in/gdSrJK-3 Free Business Scan ⭐️ Prequalify your business and see what Funding options are available for you today 🥰 Click the link below ⬇️⬇️⬇️⬇️ https://lnkd.in/gdAv9MMP #financialplanning #investments #creditbuilder #1stapprovedfinancial #TheArmstrongs #financialfreedom #financialexperts #savemoney #clientsuccess #tipsoftheday #realstatefinancing #homebuying #Businessplan #creditscore #Redflagslenders #CreditUnion #Loan #CarBuying #CreditScore #commonbusinessmistakes #fixandflipproperties #MondayMotivation #financialadvisor #financialexpert #coach #financialadvisorcoaching #financialadvisorflorida

New Member Alert! We are excited to welcome Vital Housing as a Sustaining Member to our organization!  We understand the importance of improving #resiliency of #multifamily properties and their #residents to climate risk. That’s why we work with companies like Vital Housing, a newly innovative investment management company focused on preserving and #decarbonizing existing affordable housing through acquisitions and sustainable rehabilitation.  Vital Housing’s objective is to address two core challenges faced by communities across the U.S.: ·      The fundamental lack of affordable housing, and ·      The impact of our global climate crisis.  Thank you, Vital Housing, for your leadership and welcome to the Multifamily Impact Council.  Let’s make an #impact together. Click the link below to learn more about how you can become a member or adopt our framework for your organization: https://zurl.co/5nNS #CommercialRealEstate #ImpactInvesting #AffordableHousing #Communities #Partnership #Residents #Sustainability #ClimateCrisis

The Inflation Reduction Act is opening doors for green affordable housing. But navigating the funding landscape can be tricky. Our latest article breaks down: ✅ How funds will be distributed ✅ What type of projects qualify ✅ How the affordable housing industry can take advantage of the opportunity Get all the details here: https://bit.ly/4cMg9l9 #InflationReductionAct #GreenHousing #AffordableHousing

We should keep a lookout to these key projects that are being developed in a certain area as this could be great indicators for the potential for that area. Understanding construction activities provides valuable insights into the housing market. Housing construction adds supply to the housing market, which can impact housing prices and market dynamics. On the other hand, infrastructure projects contribute to housing demand by creating job opportunities, attracting more people to move into the region, boosting the local economy, and increasing income levels. To know more, be sure to not miss the full episode! Click the link below to listen to the latest episode. https://lnkd.in/gRDNPbUq #InvestorKit #ArjunPaliwal #PropertyInvestment #PassiveIncome #Australia #RealEstate #AustralianPropertyInvesting #PropertyInvestment #InvestmentProperty #Investment

The Government have recently announced that applications for the Warm Homes: Social Housing Fund Wave 3 will open during the week commencing 30th September 2024! Wave 3 aims to improve the energy efficiency of social housing, reduce greenhouse gas emissions, and tackle fuel poverty. Following Waves 1 and 2, Wave 3 focuses on retrofitting older housing stock to meet higher energy performance standards. We offer our clients PAS 2030:2023 Certified and PAS 2035:2023 Compliant decarbonisation and retrofit services, delivered by our team of technical experts. We can also support your organisation in preparing bid applications for funding, whether for the Strategic Partnership or Challenge Fund routes. From stock surveys and assessments to funding support, design, and installation of TrustMark, MCS, and PAS 2030 compliant measures, our teams will guide you through the entire process. #CLCGroup #Decarbonisation #Retrofit #Funding #Government #WarmHomes #SocialHousing #FuelPoverty #EnergyEfficiency

Delighted today to launch the second report in our Financing the Future series, making policy recommendations for #election2024 that will unlock tens of billions in private investment and ensure a secure and sustainable future. Today's report on #housing includes polling of large businesses in the #realestate sector showing that the UK is slipping behind international peers in the race to attract #sustainableinvestment. Our key recommendations to address this are: 🏠 Set a requirement for private rented homes to achieve an EPC rating of C by 2035: Widespread retrofitting including new skills hubs, and the rollout of heat pumps will help to significantly reduce the UK’s carbon emissions and save £8 billion in energy bills over the next decade. 🏠 Increase green mortgage take up: The FCA should adopt a clear definition of green mortgages to better align market products. This could include developing a lenders’ charter for green mortgage providers or encouraging lenders to offer their green mortgages to any home that has an EPC rating of C and above. 🏠 Secure longer-term rent settlements for social housing providers to support them to retrofit and decarbonise: Funding remains the biggest barrier for social housing providers to retrofit their housing stock. Introducing Capital Allowances for private investors to invest in the sector can help decarbonise the UK’s housing stock more efficiently. Read the full report and recommendations here https://lnkd.in/eiayU6-w