France Sets Goal to Build 100,000 New Social Housing Units in 2025
The government and housing organizations have outlined a plan to address the housing crisis through construction, renovation, and financial reforms.
- The Ministry of Housing and HLM organizations signed a pact to construct 100,000 new social housing units in 2025, a significant increase from the 85,300 approvals in 2024.
- The plan includes four key objectives, such as renovating energy systems in 120,000 to 130,000 existing units and facilitating homeownership for social housing tenants.
- Financial measures include a €1 billion boost for construction and renovation, a €200 million reduction in annual levies on social landlords, and the restoration of zero-interest loans (PTZ) nationwide.
- Additional initiatives involve simplifying regulations, mobilizing land resources, and providing €100 million to support 'builder mayors' who prioritize housing development.
- The agreement also addresses urban renewal, with plans to reconstruct 16,500 housing units as part of the National Urban Renewal Program (NPNRU).