Dutch government to fund construction of 44.000 new homes
Government investment designed to tackle Dutch housing crisis
As was announced on Prinsjesdag earlier this year, the government is looking to invest significant funds in order to accelerate the construction of housing in the Netherlands. The cash - which will be taken from the national woningbouwimpuls (“residential building impulse”) - will serve to support “projects that would otherwise be difficult or slow to realise” because they lack the necessary funding.
Deputy Prime Minister Kasja Ollongren was enthusiastic about the plans, saying “it is very good news that we can quickly start building affordable homes in locations where the housing shortage is greatest.” Over the past few months, the government has faced growing pressure to tackle the national housing crisis, with projections estimating the country currently faces a shortage of around 331.000 homes.
Thousands of new homes in Amsterdam, Eindhoven, and Utrecht
The investment will fund 36 different projects, amounting to 44.277 new homes across 33 municipalities. Construction will take place across various Dutch cities, with almost 4.000 new homes expected in Amsterdam and Eindhoven respectively, 1.500 in Rotterdam, and over 2.000 planned for Utrecht.
The projects are designed with first-time buyers and middle-income households in mind, and 64 percent of the properties will be social housing, rental properties with a maximum rent of 1.000 euros per month, or affordable owner-occupied homes.