Quite so. I've just reread the original post.
Concrete cracks, steels corrode. Newish walls can be removed again.
The managing agents were not technical people, so their comments are probably irrelevant.
So the residents' trust perhaps need to get a fund together and start from scratch. A good local SE will be a starting point. A free first visit for a quote.
Then a solicitor (there are construction specialists) to formalise the process, get insurance etc.
Then sort it. The value of all properties will then increase by more than the cost, esp for those who can't sell.
OR. Is there a local big developer/ landlord who might buy the lot and sort it out... takes the risk and makes money?