On Tuesday, LMCH presented our updated Asset Management Plan to City Council, a critical step in our mission to protect and improve the long-term health of our housing portfolio.
Since 2020, we've invested over $16.5 million annually into capital improvements like roofs, elevators, windows, boilers, and accessibility upgrades, all to keep our communities safer, more comfortable, and resilient for the future.
But we also know we can’t stop here. To bring all LMCH properties to a Good condition and keep them there, we must invest $23.6 million per year over the next decade. Without this, our building conditions are projected to decline significantly.
The AMP is more than a report; it’s a roadmap that shows the real cost of inaction, the benefits of proactive investment, and the outcomes tenants deserve.
