Munich’s city council plans to bring a new law into force in August to ensure that the vast majority of newly built properties are rental properties, according to a report by regional broadcaster RB24. In addition, developers will be encouraged to sell off some of their land to the council or housing co-operatives. Co-op houses will remain an important part of the city’s affordable housing policy. “The new SoBoN is not simply a continuation, but an innovative approach that combines its goals – more subsidised housing, significantly more rental housing and longer commitments – in a points-based system,” said Green Party fraction leader Anna Hanusch. Haven’t other cities tried to make housing more housing affordable?

Source: The Local July 08, 2021 15:11 UTC