Douglas Borough Council is awaiting Treasury approval for a £17million project to renovate the Willaston estate.
It follows a successful pilot scheme to eradicate damp issues within the public sector houses.
It's hoped 215 properties will recieve the external refurbishment over a five-year period.
Councillor David Ashford says the damage caused by water is awful in some cases:
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Rare red weather warning issued
Extreme conditions likely to hit the Island this evening
"We do have a housing crisis on the Isle of Man" says expert
Average house price currently eight times more than the average annual earnings
Bill banning sale of nicotine pouches to under 18s due to get Royal Assent in November
It comes after schools warn of increase in students using them
Douglas bookstore to host midnight release tonight
Latest in hugely popular ACOTAR series to hit shelves tomorrow