Amsterdam is lowering the price of land for the construction of 1,500 mid-level rent-controlled housing, the college of mayor and aldermen announced on Tuesday. The municipality is willing to lose out on 160 million euros in income on the land in order to remedy the serious shortage of rental housing for people who earn too much to qualify for social housing, but can't afford to buy a house, Het Parool reports.
Housing corporations are required to continue offering rental housing to families entitled to the social housing benefit. Minister of Housing Stef Blok announced on Friday that it is a legal standard that must be maintained. Blok wants to reverse the trend of more and more families with rent allowance signing expensive rental agreements, he said in a statement.