Brussels presents the first EU housing plan.

The EU adopts the first ever Affordable Housing Project to counter rising costs. It will focus on releasing funding from the public sector and arrangement of tourist accommodation.

The European Union aims to take decisive steps in response to the rapid rise in housing prices. This week in Brussels, the first in the association’s history, the Affordable Housing Project, which, in particular, will be aimed at allocating state funds and regulating the rental of apartments to tourists, will be approved. This is reported in an article by Politico, informs UNN.

Details Housing Commissioner Dan Jorgensen stressed the importance of the situation, describing it as a “real crisis” and warned member states to take housing affordability seriously so as not to favor far-right populists.

Inaction favors right-wing populists

– he informed.

The project envisages revising the rules of state support so that governments have the opportunity to use resources to provide housing to a wider range of people, not just the poor.

At the same time, the package will provide local authorities with the means to maintain short-term rentals, which, as Jorgensen put it, have become “a cash business” and in some places make up 20 percent of the housing stock.

The new project will also contain actions to counter speculation in the housing market and a new construction strategy to ease bureaucratic formalities. The Commission emphasizes that it provides tools to member states, but the decision to use them remains with national and local leaders.