25% cheaper rents for the middle classes: the unprecedented initiative of two Ile -de -France cities

Two municipalities in Ile-de-France join forces to facilitate the accommodation of the middle classes. They will offer lower rents of at least 25% to market prices.

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Too “rich” to claim social housing but not enough to find accommodation in good conditions in the private park. It is the fate of many households in the middle class living in large metropolises, starting with the Paris agglomeration. “For several years, Many Parisians are struggling to find accommodation in good conditions at affordable prices, due to the increase in the number of secondary residences and tourist furnishings, and Thermal TOCKS which are gradually put out of the rental market by law »regrets the city of Paris in a press release.

This is why she just created a “Land of affordable housing”with the municipality of Saint-Ouen-sur-Seine, in Seine-Saint-Denis, who knows the same problem of accommodation in the middle classes. And more specifically “Young workers, single -parent families and key workers, such as teachers, administrative and caregivers”. 99% owned by the City of Paris and up to 1% by that of Saint-Ouen, La Foncière will buy buildings, whose management it will entrust to social landlords within the framework of emphyteutic leases, that is to say by a duration of 18 to 99 years. Social landlords will rent apartments at prices “Affordable”that is to say to lower rents of at least 25 % to those of the private rental market. The Communist and Citizen Group, which sits on the Paris Council, gives the example of rents of 572 euros for a property of 24 square meters and 878 euros for an area of ​​42 square meters.

Rents: their supervision is better and better respected, except in a region …

40% public housing in Paris by 2035

The Paris Council voted a budget of 50 million euros per year to “Start the movement” of the property. The rents from the emphyteutic leases concluded between La Foncière and social landlords will be added to this. According to first modelizations, the investment capacity of the property would amount to some 120 million euros per year, which would allow it toAcquire around 350 dwellings each year. She will buy buildings with a part “Important” vacant housing and requiring energy renovation work. “No district is privileged for these operations, which will depend above all on market opportunities”specifies the city of Paris.

The latter thus strengthens its offer of intermediate rental housing, halfway between HLM and private park. The capital intends to offer by 2035 40 % of public housing, of which 10 % housing “Affordable” and 30% social housing.