It is likely to take two more legislative periods until the share of state and municipal housing with affordable rent reaches 20%, said housing minister Henri Kox on Thursday.

Kox presented the annual report for the special housing fund on Thursday, explaining the current share of the market stands at 1.64%, or 4,117 units.

In 2022, the fund signed agreements to construct 464 new housing units - for both rent and sale - while 387 projects were completed. By the end of last year, there were 3,306 housing units in the pipeline, which are due to be constructed over the next few years.

© Luc Rollmann
© Luc Rollmann
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Last year, the fund granted 188 million euros in new aid, and paid out 174 million euros for projects granted in previous years. The rate of rental housing also rose to almost 60%, compared to 40% of housing to be sold via emphyteutic lease.

Together, both the National Affordable Housing Company (SNHBM) and the Fonds de Logements (National Housing Fund) fulfil more than two-thirds of the affordable housing subsidised by the fund. Municipalities contribute 18%, while charities and associations provide 12%.

650 new subsidised housing units are expected to be delivered in 2023. Forecasts suggest that number is likely to rise to 1,000 housing units in 2027.