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Amsterdam designates 13 locations for self-build plots and opens a loan fund

Published on 14-05-2020
The Municipality of Amsterdam is going to give tenants ample space to build and manage their own homes in a housing cooperative. The municipality is releasing new building plots for this, some 13 locations have been designated, and there is a loan fund of € 50 million.

Housing cooperatives can work on these new-build plots to design, build and manage their own complex and the tenants themselves determine how their living and living spaces will look. For example, they have full control over their home and retain these homes in the long term for low and middle incomes. They cannot be sold or liberalized.

The fact that Amsterdam is co-financing housing construction is a significant change of course. In this way, just as in the past when there was still a municipal housing company, the city takes an active role in building affordable housing.

13 locations
13 new construction sites have now been designated on which housing cooperatives can build. The next 2 years will be built on plots on Center Island, Ring Railway Zone North, Elzenhagen South, the Havenstraatterrein and August Allebéplein. Within 3 to 4 years lots will become available in the Jacob Geelbuurt, Sluisbuurt, Dijkgraafplein, Amstelkwartier, Vreeswijkpad and the Kompaslocatie-Waterlandpleinbuurt.

A loan
 Previous pilots showed that it is not easy for starting housing cooperatives to get the financing. Cooperatives cannot borrow everything from the bank like private homeowners and deduct the interest. That is why there is now a municipal loan fund of € 50 million. Housing cooperatives can now borrow money under certain conditions, in addition to financing from the bank and their own contribution. The loan is intended to be repaid after 10 to 15 years.
Source: Vastgoedjournaal, donderdag 14 mei door Kimerly Camu