UEPC attends Urban Agenda Conference in Amsterdam: "First time buyers and renters pay the price for inclusionary housing schemes"
On 30 May the EU Ministers responsible for Urban Matters have reached, at their informal meeting in Amsterdam, agreement on the establishment of the Urban Agenda for the EU as set out in the ‘Pact of Amsterdam’. The ‘Pact of Amsterdam’ describes the main features of the Urban Agenda for the EU. However, the development of the Urban Agenda for the EU is an ongoing process. The Urban Agenda for the EU will be taken forward by Member States together with the European Commission, the European Parliament, the Committee of the Regions (CoR), the European Economic and Social Committee (EESC), the European Investment Bank (EIB), representatives of European Urban Authorities and other relevant stakeholders.
UEPC's Managing Director Filiep Loosveldt attended the Committee of the Region’s conference in Amsterdam on 30 May to voice UEPC’s position on state aid, social housing, social mix/diversity and affordable housing during the workshop on “Inclusive Cities”. Filiep raised the point of first time buyers and renters paying the price for inclusionary housing schemes. Such schemes shift the burden towards first time buyers on the free primary housing market. This leads to higher prices on the primary housing market, makes the overall housing market less affordable and creates a negative effect on the necessary supply of extra housing in cities. Finally he called for efficient gap funding instruments in order to release the burden of the first time buyers.
Full press release can be found here