As prices keep soaring and empty apartments are abundant, the City of Paris has just added a new weapon to fight the housing crisis: a housing offer situated between social and private, enabled by the Affordable Housing Fund, which is a true complement to social housing. We’ll tell you all about it.
Hundreds of homes available each year
The principle of this new fund is simple: allow the city to buy buildings that often have vacant apartments requiring significant renovation work, which will then be handed over to social landlords. These landlords will be able to rent them out at unbeatable prices, especially to middle-class individuals, since...
These offers are primarily aimed at young professionals, single-parent families, and "key workers" who find themselves somewhat in between social classes.La création de la Fonciere du Logement Abordable est votée au #ConseilDeParis !
— Jacques Baudrier (@jacquesbaudrier) November 21, 2024
Un nouvel outil qui sera doté de 50 millions en 2025 pour créer du logement abordable à Paris
Un outil essentiel pour lutter contre les logements vides
Et offrir plus de logements à louer ! pic.twitter.com/MkLtkkwX8A
Thanks to a maximum budget of 120 million euros every year, the City of Paris hopes to acquire about 400 housing units per year, which will then be redistributed as quickly as possible, depending on the renovations needed. These renovations will particularly aim to bring the various apartments up to energy and hygiene standards, since many of the vacant homes today, for example, do not have access to running water.
Accessible housing... but not right away
A great initiative that boosts the availability of affordable housing in the capital and complements the real solidarity lease, a system that ensures middle-class individuals can become owners for less than 5000€ per square meter in the capital. In the same spirit, the City has strengthened the...
rules in favor of public housing, and has increased support for social landlords.non mais les locations d’appartement à paris c’est vraiment un scandale genre d’accord c’est la capitale mais à aucun moment c’est normal de louer 700 euros des 9m2 sans toilettes voire sans douche au 8eme etage sans ascenseur, c’est pas humain
— orléna (@jsuisgemo) August 21, 2022
The City wants to quickly try to develop public rental options (which include social housing and affordable homes) with the goal of having 40% of public housing by 2035, meaning 10% of accessible housing. This is fantastic news for young Parisians who are desperately trying to settle permanently in the capital without having to sell a kidney. Yay!