immeuble-paris-appartement-location-haussmannien-l

Soon, housing available in Paris at 25% lower prices!

undefined undefined 4 décembre 2024 undefined 08h30

undefined undefined 4 décembre 2024 undefined 09h40

The Editor

© Wirestock Creators / Shutterstock

This is the good news of the end of the year! At the end of November, the Paris Council voted to set up the Affordable Housing Fund, which would allow Parisians to access apartments that are at least 25% cheaper than current market prices.

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.

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.

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!