The Luxembourg government has announced its plan to build 274 subsidised housing units.
At its meeting today, the Governing Cabinet approved the Grand-Ducal Regulation adopting the programme for the construction of subsidised housing projects as well as State participations related thereto. The update of the programme involves an addition of 49 new projects comprising a total of 274 housing units, of which 36 will be for sale and 238 for rent.
It should be noted that according to the government agreement, the share of rental housing is increasing. Indeed, 87% of subsidised housing included in the update approved today are for rental.
Moreover, 50% of these 49 new projects are or will be initiated by municipalities, which illustrates their dynamics in terms of social and subsidised housing. The additional investment of €55.92 million resulting from the addition of the 49 projects confirms the government's commitment to promote the initiative and encourage the efforts of the municipalities, the Housing Fund, the Company National Housing (SNHBM) as well as private actors and various associations and foundations.
Consequently, since October 2014, 411 new projects have been approved by the Governing Cabinet for a total of 4,370 units, of which 1,638 are for sale and 2,732 for rent. Upon its implementation, the new Grand-Ducal Regulation will subsidise 550 projects corresponding to a total of 11,026 housing units.
