Affordable Housing Act

The Affordable Housing Act introduces a new legal framework for publicly supported housingconstruction, the rental of apartments under affordable conditions, support for a first residentialproperty, and the activation of vacant apartments. It repeals the previous Act on SociallySupported Housing Construction, better known as POS, subject to transitional rules forproceedings that have already been initiated. The concept of affordable housing For the first time, the Act systematically defines affordable housing. The key criterion is not onlythe market price of an apartment, but the total monthly housing burden. Housing is consideredaffordable where the rent, or the loan instalment or annuity, increased by average utility...

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