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A new model for managing public properties and expanding housing opportunities is taking shape in Albania. The proposed amendments to social housing legislation aim to provide municipalities with more tools to increase the housing stock and support families facing difficulties in securing a home. How Will the New Scheme Work? One of the innovations involves the possibility for public institutions to develop residential projects with mixed purposes, including social rental housing, affordable housing and apartments for sale on the free market. The revenue generated from apartment sales is expected to be used to finance and expand social housing programs. This approach aims to create a more sustainable model by reducing reliance on direct funding from the state budget. More Opportunities for Families and Municipalities The proposed scheme aims to improve the management of public assets and expand the social housing stock, while also incorporating contributions from the private sector. For low- and middle-income families, this could translate into more affordable housing options. Meanwhile, municipalities could take on a more active role in developing and managing housing projects. What Impact Is Expected on the Real Estate Market? The implementation of this scheme could bring new dynamics to the real estate market by encouraging cooperation between public institutions and the private sector. However, its success will depend on transparent procedures, efficient property management and the establishment of clear eligibility criteria for beneficiaries. In conclusion, the initiative represents a step toward a more active model of public asset management. If implemented effectively, it could contribute to expanding the social housing stock and creating new housing opportunities in Albania. Source: Revista Monitor (https://monitor.al/nga-ankandet-te-banesat-sociale-skema-e-re-per-shtimin-e-pronave-te-bashkive/)
