Livret rate has decreased: too bad for savers, so much the better for low -cost housing

The livret rate will be reduced from 2.4% to 1.7% on August 1. A disappointment for savers but satisfaction for social landlords.

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With the slowdown in inflation, the savers expected it, but it is still the grimace soup, this Wednesday, July 16, with the announcement, by the government, of the drop in the rate of the A booklet. It will be reduced by 2.4% today to 1.7% on August 1. In contrast, Social Union for Housing (USH), which brings together social landlords, “Take note with satisfaction” From this drop in the rate of the booklet A, in a press release published this Wednesday.

Indeed, it is on the rate of booklet A that the Banque des Territoires (Caisse des Dépôts group), which finances 70% of social landlords investment needsindexes the loan rates she consents to them. As a result, when the rate of the booklet has dropped, the loans contracted by social landlords with the Banque des Territoires to build and renovate housing cost them cheaper. When the rate of the booklet has increased, organizations see their financial expenses in the contrary.

DPE: these dwellings that go from G to E … without doing work

A booklet rate reduced to 1.7%, good news for low -cost housing

The drop in the rate of the booklet A “Will have an impact (less) impact on the load of the debt of HLM organizations with the Caisse des Dépôts et Consignations, which centralizes the collection of funds from booklet A and finances a large part of the operations of social housingin new construction as in rehabilitation ”, Explicit Emmanuelle Cosse, president of the USH. Who salutes “”good news»».

This drop in the rate of booklet A, the second in a few months, intervenes “After several rapid and successive increases, due to the strong push of inflation, which had brought the rate of remuneration of the booklet A 3%, with a significant (negative) impact on the financial situation of HLM organizations”recalls the former Minister of Housing. Who takes advantage of it to share his “”worry»» Regarding the announcements made by the Prime Minister Tuesday July 15: “APL freeze (personalized housing assistance, frozen in 2026 like other social benefits) and its silences on the ambition of energy renovation and recovery of the production of social housing feed our fears on the weakening of households with modest incomes ”.