As you know, finding accommodation in Paris is a real challenge. Between setting up alerts everywhere to make sure you don’t miss out on any gems, the endless queue of visitors and the resulting feeling of competition… finding accommodation is far from relaxing. Faced with this housing crisis affecting many Parisians, the city of Paris has set up a housing fund. The goal : to guarantee affordable rents, up to 25% cheaper than the market rate… A great promise for the working class. Here are the criteria for eligibility.
Cheaper housing in Paris compared to the market?
cheap housing Paris @shutterstock
It sounds too good to be true , but starting this week, the city of Paris will be offering 11 apartments located on Rue Pajol in the 18th arrondissement. These apartments are unique in that they offer rents that are lower than market prices.
How? Thanks to Foncière du Logement, which buys buildings and then entrusts their management to Paris Habitat or I3F, both social landlords. These properties, which are being renovated to meet insulation standards, will then be listed on SeLoger.com for just two days to avoid any bugs.
What are the criteria for qualifying for these properties?
To be eligible for these properties, you must:
- the housing must be your primary residence
- the composition of your household must correspond to the size of the apartment
- your income must be between €1,500 and €3,800
- The ratio between the expenses incurred for your new home and your monthly income must not exceed 33%
La Foncière du Logement will eventually offer between 350 and 400 homes per year… Good luck to everyone!