REPORT on the housing crisis in the European Union with the aim of proposing solutions for decent, sustainable and affordable housing

Tabled by Maria Ohisalo

43. Removed: Stresses the importance of safeguarding financial stability and ensuring that financial instruments contribute to housing affordability; underlines the role of Added: Underlines the urgent need to provide a strong and immediate political response to address the socio-economic crisis suffered by millions of people in the EU, arising from lack of access to affordable, sustainable and decent housing, by setting up a dedicated EU Housing Fund, which should incorporate an ‘EU renovation loan’, as well as establishing that Member States’ public spending on affordable, sustainable and decent housing is not subject to the debt rules under the Stability and Growth Removed: Pact in ensuring financial stability in the EU, which is a prerequisite for the proliferation of housing; stresses that both the general escape clause and the national escape clause should remain an exceptional and temporary tool; underlines that any public investment in housing must remain consistent with the Union’s fiscal rules; Added: Pact, in order to make available investment needed to fill the current massive and increasing gap; supports the establishment of a pan-European investment platform for affordable and sustainable housing; highlights that local authorities as well as non-profit housing providers should be able to obtain 0 % interest rates via this platform or directly from the EIB for long-term loans;

Wording as published by the EP, in English. PE782.973v01-00