As the prices keep skyrocketing and the empty apartments are plentiful, the City of Paris has just added a new string to its bow to fight against the housing crisis. This new offering of homes bridges the gap between social and private, set up thanks to the Affordable Housing Fund, a true complement to social housing. We’ll share all the details with you.
Hundreds of homes available each year
The principle behind this new fund is simple: it allows the City to purchase buildings that often have vacant apartments in need of significant renovations, which will then be entrusted to social landlords. These landlords will be able to rent them out at unbeatable prices, especially to people from the middle 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 each year, the City of Paris hopes to acquire around 400 homes per year, which will then be redistributed as quickly as possible, depending on the necessary renovations. These renovations will mainly aim to bring the various apartments up to energy and hygiene standards, since many of the currently empty homes, for example, do not have access to running water.
Accessible housing... but not just yet
A wonderful initiative that enhances the availability of affordable housing in the capital and complements the solidarity real lease, a system that ensures the middle classes can become owners for less than 5000€ per square meter in the capital. In the same spirit, the V...
he strengthened the rules in favor of public housing and 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 develop public rental options (which include social housing and affordable housing) to offer 40% public housing by 2035, including 10% accessible housing. This is fantastic news for young Parisians who are desperately trying to settle down permanently in the capital without having to sell a kidney. Yay!