Low Income Housing Finance and Subsidies: the Case of Portugal
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Low Income Housing Finance and Subsidies: the Case of Portugal Romana Xerez ISCSP - University of Lisbon Brazil-EU Dialogue Seminar on Low Income Housing Finance And Subsidies LSE, 25 th September, 2014
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Low Income Housing Finance and Subsidies: the Case of Portugal. Romana Xerez ISCSP - University of Lisbon Brazil-E U Dialogue Seminar on Low Income Housing Finance And Subsidies LSE, 25 th September, 2014. How does Portugal provide low income housing finance and subsidies?. - PowerPoint PPT Presentation
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Low Income Housing Finance and Subsidies: the Case of Portugal
Romana Xerez
ISCSP - University of LisbonBrazil-EU Dialogue Seminar on Low Income Housing Finance And
Subsidies LSE, 25th September, 2014
Portugal
How does Portugal provide low income housing finance and subsidies?
Housing: a social right after the revolutionHousing and social rights Constituent assembly of 1975-1976
The Case of Portugal
The Case of Portugal
1988Right to
BuyLTV 100%
PrivateHousing Saving
Accounts (1986-89)Subsidised
credit (1998-2002)
1983 PublicSocial
housing Housing
controlled Cost
1940s PublicLimited rental
Houses
What does social housing mean in Portugal?• Housing promoted by local councils,
Cooperatives of Economic Housing, Private Institutions of Social Solidarity and the private sector with financial support from the State and intended for sale or rental.
The Case of Portugal
• Government: legislation; housing allowances.• Institute of Housing and and Rehabilitation
(IRHU).• Municipalities: providing land, housing
allowances and management and maintenance (municipalities companies).
• Cooperatives: affordable housing for rental or ownership
The Case of Portugal
Rents• Borrowing capacity 10% to 25%.• 1983 social housing Act: social rent (renda
social).• 1993 supported rent (renda apoiada)• New Urban Lease Regime (NRAU) allowance
benefiting low-income households with rental contracts prior to 1990.
The Case of Portugual
Belgium
Bulgaria
Cypru
s
Czech
Republic
Denmark
Estonia
Finland
France
Germany
Greece
Hungary
Ireland
Italy
Latvi
a
Lithuania
Luxe
mbourg
Malta
Netherlands
Poland
Portugal
Romania
Slova
kia
Slove
nia
Spain
Sweden
United Kingdom
0
5
10
15
20
25
30
35
Source: CECODHAS 2012
The Case of Portugual
Social Housing Stock in Europe
• 118,000 social housing dwellings• Social housing: occupied under a lease 95.5%.• Vacant 4.1%.• Illegally occupied 0.4%. • 25 600 applications for social housing.• Average monthly rent 60 €.
The Case of Portugual
Demographics of social housing tenants• Low income households, gypsies, unemployed
slightly overrepresented, African immigrants, old people, low educational levels, as well as better off tenants.
The Case of Portugal
• Social mix versus segregation and peripheral location.
• Middle classes.• Rental systems versus homeownership.• Municipal companies, cooperatives, public/private.• Alvalade case study.• New welfare state: housing as a cornerstone.• More research is needed to deepen the
understanding of social housing in Portugal.
How can we learn from the case of Portugal?
Thank [email protected]
