Global Community Housing Services Market Report 2022
Key players in the community housing services market are Fair Community Housing Services Limited, Nestle Community Housing Services Ltd. , Community Housing Services-Crossroads Villa, Inc. , Community Housing Partners, Community Housing Ltd.
New York, 08 Feb. 2022 (GLOBE NEWSWIRE) — Reportlinker.com Announces Release of “Community Housing Services Global Market Report 2022” – https://www.reportlinker.com/p06228492/?utm_source=GNW
and SRM Housing Services Private Limited.
The global community housing services market is expected to grow from $95.60 billion in 2021 to $102.00 billion in 2022 at a compound annual growth rate (CAGR) of 6.7%. The growth is mainly due to companies reorganizing their operations and recovering from the impact of COVID-19, which had previously led to restrictive containment measures involving social distancing, remote working and the closure of business activities that resulted in operational challenges. The market is expected to reach $123.73 billion in 2026 with a CAGR of 4.9%.
The community housing services market includes revenue from community housing services and related goods by establishments primarily engaged in providing short-term accommodation to victims of domestic violence, sexual assault or child abuse. children, temporary residential shelter for the homeless, runaway youth, patients and families in medical crisis, transitional housing for low-income individuals and families, and for elderly or disabled homeowners. Establishments that voluntarily build or repair low-cost homes in partnership with landlords who help build or repair a home, subsidize housing using existing homes, apartments, hotels or motels, or those who are involved in mortgage or low cost works for all said end users, are included in this market.
The main types of community housing services are temporary and emergency housing services, permanent housing support services, transitional and assisted housing services, voluntary construction or repair services, etc. and families with disabilities and a history of homelessness.
The different types of products include single-section houses, multi-section houses. The various end users of the services include victims of domestic violence, sexual assault or child abuse, homeless people, runaway youth, parents and families caught up in medical crises, individuals and families low income, elderly or disabled.
Rehabilitation services are increasingly provided to people leaving prison. A majority of this population is homeless after release and has nowhere to go.
Therefore, many NGOs have come forward to help them provide shelter. For example, the US-based Lionheart Foundation provides shelter for this population and its Houses of Healing (HOH) program helps improve the lifestyle of prisoners by providing services such as transformation programs for prisoners. prisoners, a HOH guide, a series of HOH videos and many more.
Federal funding for social services is a major driver of the market for community housing services. Government funding helps many homeless people find housing.
Many programs are run by different countries to help the homeless. For example, in the United States, each year the federal government allocates funds to States/Territories to support social services for vulnerable children, adults and families through the Social Services Block Grant (SSBG).
In India, ‘Pradhan Mantri Gramin Awaas Yojana’ focuses on providing pucca houses with basic amenities to homeless families. The objective of this program is to build one crore of 25 m² houses by 2022.
The Indian government has also launched the Shelter for Homeless program under the National Urban Livelihood Mission (NULM). Under this program, various types of shelters such as men’s shelters, women’s shelters, family shelters and special shelters (for the elderly, mentally ill, sick) are provided. The Indian government will finance 75% of the expenditure for the development of these shelters and the remaining 25% will be the commitment of the state. The Indian government is also working to provide rental housing to the urban poor belonging to Scheduled Castes, Scheduled Tribes and other backward classes, migrants, transgenders and the elderly. Therefore, different types of federal funding will help stimulate the market for community housing services.
In July 2020, Housing Choices Australia Ltd., an Australian-based NGO, merged with Access Housing Australia Ltd. This merger will help Housing Choices Australia Ltd. to create more housing choices and opportunities for current residents while respecting the culture, history and traditions of both organizations. Access Housing Australia Ltd is one of Western Australia’s leading community housing NGOs. It was founded in 2007.
Regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Countries covered in the Community Housing Services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea , the United Kingdom and the United States.
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