Dutch government is investing 1 billion euros to boost home construction

Dutch government is investing 1 billion euros to boost home construction

New document leaked to NOS The Dutch government has indicated that it plans to invest € 1 billion to accelerate Dutch housing construction.

The Dutch government faces increasing pressure to tackle the housing crisis

The Netherlands is facing an expanding housing crisis. Due to the serious shortage of affordable homes, the Dutch housing market is becoming increasingly inaccessible to buyers and prices continue to rise at an alarming rate. The government has faced serious criticism of getting the situation to this point, but new information has revealed that the Cabinet is looking for ways to combat the issue.

When Prince’s day -The day the Cabinet announced the 2022 budget-Around the corner, a source in The Hague NOS The Cabinet will allocate € 1 billion to accelerate housing development in the Netherlands.

€ 1 billion investment in affordable housing in the Netherlands

This is not the first time the government has taken action to provide more affordable housing. In 2019, 1 billion euros will be the so-called government woningbouwimpuls Fund (“Housing Construction Impulse”). The cash is non-financial, making existing development plans more feasible, for example by establishing new / better connections to public transport or reclaiming and diverting land for housing development. Used by the municipality to invest in motivational projects.

Government regulations require that at least 50% of homes be affordable for all projects in which the fund is used (for example, public housing and rental properties with a maximum rent of € 1.000).Dozens of local governments woningbouwimpuls Over the past few years, and as funds have run out, the government has decided to invest more in affordable housing projects.

It is estimated that there is a shortage of about 331.000 homes in the Netherlands, and this year the government is under increasing pressure from politicians and the general public for action. The fund will be valid, but the Cabinet has no plans to announce an extensive plan to tackle the crisis.

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Dutch government is investing 1 billion euros to boost home construction

Source link Dutch government is investing 1 billion euros to boost home construction

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