Action Logement will invest 14.4 billion euros over five years

The Action Logement group, a giant in the production of social housing, will invest 14.4 billion euros over five years to support the sector, under the new agreement with the State signed Friday in Matignon for the period 2023-2027.

With a slightly lower envelope compared to the previous one (15.2 billion for the period 2018-2022), this agreement however marks the end of Action Logement’s contribution to the National Stone Aid Fund (Fnap).

The government, regularly accused of digging into the coffers of the former 1% Housing, has indeed accepted a final contribution from the group in 2024 of 150 million euros, half less than the 300 million on which it initially counted.

Of the overall envelope, 5.5 billion will be used to finance donors for the construction and rehabilitation of social and intermediate housing.

The group is thus counting on the construction of 200,000 new housing units in five years and on the rehabilitation of 200,000 others.

Support for employees, another area of ​​Action Logement, will benefit from 3.7 billion euros, while 5.25 billion will be dedicated to public policies, including 3.8 billion for the National Agency for Urban Renovation and one billion for Action heart of the city.

We clearly give a boost the construction of new housing and rehabilitation, indicated Matignon during a press briefing.

The difference (with the previous convention) is the consideration of the ecological and low-carbon dimension in all of our interventions, indicated Action Logement.

Concretely, the new convention should benefit four million households. The Visale guarantee, which helps employees rent accommodation by granting them a deposit, will notably increase from 900,000 to 2.1 million beneficiaries.

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This guarantee essentially benefits young people under 30, but should soon be extended to seasonal workers and the self-employed.

Another novelty, loans for home ownership in new and HLM sales programs will be reduced to 1%, against 1.5% currently, to help first-time buyers.

This new agreement, which was to be signed several months ago, comes less than two weeks after the conclusion of the National Housing Refoundation Council, whose announcements were due to professionals in the sector.

Co-directed by employers and trade unions, financed by a contribution from companies (PEEC), Action Logement manages more than one million social housing units and pilots aid for professional mobility.

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