Overview
- The measure passed after a contentious debate that divided the municipal majority and right-leaning councillors.
- City funding includes €2.3 million in subsidies within the €7.6 million project budget.
- The city-owned property will be entrusted under an emphyteutic lease for full restoration and regulatory upgrades.
- Officials say the units will prioritize essential workers and vulnerable people, with PLAI rents cited at about €6.93 per square meter.
- Next steps include formalizing the transfer to CDC Habitat and preparing renovation works and tenant allocation to advance social mix in central Paris.