Affordable Housing Units Prone to Floods Could Triple by 2050 | Smart News

The amount of affordable housing in the United States that is susceptible to damage and destruction caused by coastal flooding will triple by 2050, reports Daniel Cusick for E&E News.

A new study, published yesterday in the journal Environmental Research Letters, suggests that around 7,668 affordable housing units in the U.S. flood annually. Without swift action to reduce carbon emissions, that number could reach nearly 25,000 units by 2050, reports Oliver Milman for the Guardian. This is the first study of its kind to assess how vulnerable affordable housing units are to flooding and rising sea levels, according to a press release.

According to Reuters, previous studies have forecasted how houses along the coasts will be affected by climate change, but “there’s been much less attention put on these lower-income communities,” says computational scientist Scott Kulp of Climate Central, an independent group of scientists and communicators researching climate change.

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Factory_OS Joins Forces with Technology and Finance Leaders to Solve the Housing Crisis

MARE ISLAND, Calif., Nov. 20, 2020 /PRNewswire/ — Factory_OS announced today that it has raised $55 million in Series B funding from six tech and finance industry giants—Autodesk Inc., Citi, Facebook, Google, Morgan Stanley and round leader Lafayette Square. The investment will help Factory_OS accelerate growth and further integrate digital technologies to build multifamily housing using a safer, more sustainable, less expensive and more efficient construction process.

Acting on the belief that housing should be built more like cars, Factory_OS takes an integrated, industrialized and tech-enabled approach to removing barriers throughout the housing development process. The San Francisco Bay Area–based company has an active research and development program and incorporates design, technology, construction and workforce innovations in pursuit of its vision: to change how we build housing. Factory_OS is committed to delivering high-quality, tech-ready, cost-effective multifamily housing that is more environmentally friendly and creates new living-wage jobs, resulting in

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Housing Tech Rundown: Quantarium, Equifax and Ellie Mae

Artificial Intelligence company Quantarium announced on Thursday its partnership with Valligent Technologies to launch a condition adjusted “Quantarium Valuation Model” for equity lending, broker price opinions and real estate owned valuations.

The latest tech, coined QVM-Insights, leverages Quantariums AI power to incorporate real-time updates of a property’s condition to provide users with an automated valuation model.

It does so by prompting the AI to run hundreds of thousands of generations to understand and optimize information on micro-markets at the neighborhood, ZIP code or county level. Coupled with Valligent’s real-time streaming data and virtual inspection, the AI can then validate and learn what is most valuable in the data itself. It can also factor in the effects of local events like foreclosures and recent sales.

“QVM relies on a cascade of proprietary solutions, including machine learning techniques such as evolutionary programming, neural networks and genetic modeling that mimic biological processes, to

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Mhome Group’s New Prefabrication Technology Steals the Show at the 19th China Housing Expo

BEIJING, Nov. 11, 2020 /PRNewswire/ — Mhome Group (000667.SZ), a leading Chinese real estate developer headquartered in Wuhan, was the centre of attention at the recent 19th China International Exposition of Housing Industry & Products and Equipment of Building Industrialization (“China Housing Expo”), as it unveiled its latest prefabricated construction products and services, which included a groundbreaking new Composite Shear Wall Technology system and smart factory.

As the first smart housing developer in the industry to realize prefabricated homes, Mhome Group’s ongoing achievements contribute to the industry’s progress towards high-quality, eco-friendly construction developments.

China’s construction industry is facing rising labor costs, inefficient practices, adverse environmental effects and poor interdepartmental coordination. As a result, prefabricated buildings are growing in popularity and green construction are the main focus for future developments. Smart housing manufacturing supports sustainable practices and promotes positive development in the construction industry,” said He Fei, CEO

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Gary selling former housing site to technology company

The city of Gary is selling a former public housing site to a California-based tech company that plans to move its corporate headquarters to the northwestern Indiana city and build a plant there.

The 27-acre former Ivanhoe Gardens housing site will be sold to Akyumen Industries for $50,000, according to an agreement between the Gary Redevelopment Commission and the company, The (Northwest Indiana) Times reported.

Los Angeles-based Akyumen Industries, which makes smartphones, tablets and smart watches, has tentatively selected the site on Gary’s west side as its first corporate headquarters in the U.S.

The company announced last week that it expects to build a new plant at the site which will employ between 500 and 2,000 people as it ramps up in the areas of construction, high-tech manufacturing and service.

Akyumen Industries is expected to seek out state incentives in the form of tax breaks, and not request

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Technology takeover: Senior housing seizes a new internet world

Where COVID-19 forced them into isolation, a senior housing complex now has the tools to connect digitally

CLEVELAND — Scranton Castle sits in Cleveland’s Clark Fulton neighborhood. The apartment building is a tight-knit community of senior citizens, the majority of whom are Hispanic.

“We are all helping each other, and I make sure everybody is wearing their mask, especially in tight spots, like the elevator and hallways,” said Angel Torres, who not only lives at Scranton Castle, but works there too.

More coronavirus stories can be found here

Keeping COVID-19 from sweeping through the property is priority No. 1, but the trade-off has been isolation from the outside world.

“The inability to connect with their friends and family has impeded them from truly feeling themselves,” Marilee Santiago, who is the Director of Education and Training for the MetroHealth Institute of H.O.P.E., said.

Every Tuesday, tables and plexiglass shields go up

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Geospatial Technology Could Solve The UK Housing Crisis

The UK has long grappled with the issue of housing development – with the National Housing Federation estimating that a massive 8.4 million people in England alone are currently living in an unaffordable, insecure or unsuitable home.

As we look to better manage our country’s housing issues, it stands to reason that new technologies leveraging artificial intelligence (AI) will help us digitize available data to better analyze, plan, and inform the decisions we make around infrastructure related to building new housing. 

The development of adequate housing has always relied on a precarious balance of competing factors, including environmental conditions, local impact and available residential infrastructure. 

Yet, Covid-19 has shined a light on our existing housing challenges by revealing the true magnitude of the housing crisis. This pandemic has laid bare the issues of housing insecurity,

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