At a meeting held on 25 March 2016, the Governing Council approved the Grand Ducal Regulation putting a stop to the construction programme for subsidised housings and state holdings.
The updated programme provides for an addition of 47 new projects for a total of 345 units, of which it was announced 168 will be for sale and 177 available for rent. 60% of these 47 new projects will be initiated by municipalities as a reflection of the strong momentum in social housing and that subsidised upon local initiative.
Upon confirming the news, the Luxembourg Government claimed that the nearly €30.5 million in additional budgetary costs induced by the addition of 47 projects was demonstrative of its commitment to continue and enhance its support of the efforts of municipalities and other public promoters such as the Fonds pour le développement du logement et de l'habitat and SNHBM, as well as the initiative of private actors and various associations and foundations.
Since 2014, 227 projects were approved by the Governing Council for a total of 3,509 units. 1,448 of these were made available to buy whilst 2,061 were offered for renting purposes.
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