Construction

Piano casa, from renovations to new buildings: what's new

The government's housing plan takes shape. It will contain a part dedicated to social housing but also interventions to build new houses

by Giuseppe Latour

Come sarà il piano casa

3' min read

Translated by AI
Versione italiana

3' min read

Translated by AI
Versione italiana

Announced in the summer by the Prime Minister at the Rimini Meeting, relaunched in the winter by Giorgia Meloni herself at the conference at the beginning of the year, the government's Home Plan is taking its first step. The programme will be set in motion by a decree-law that will make 950 million euro available. Here are the elements known so far:

The funds available

The Budget Law has brought the resources already allocated in previous manoeuvres into a unified framework, quantifying the resources immediately available for the plan at EUR 970 million. Other funds will be added to this: at present, the count according to the government would come to 6 billion, which could even rise further and exceed 8 billion. In the reshaping of the NRP, in fact, a further 1.2 billion euro could be recovered, which was initially earmarked in part for the purchase of new trains.

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Meloni: In piano casa 100mila appartamenti a prezzi calmierati. Di condono non se ne sta parlando

Population houses

The numbers on the social housing front give a precise idea of the resources needed for this chapter, which is the most advanced. There are approximately 63,000 dwellings in need of renovation, because they are currently uninhabitable. At the moment, however, there are various funding lines pointing in the same direction, especially at the regional level, anticipating what the government intends to do: the real need, then, could be around 50-55 thousand dwellings to be upgraded. The average cost of a renovation is currently around 18,500 euro. Rounding up to 20,000 euro, it is estimated that the measure will have to cost around 1.1 billion euro to complete the work and assign these properties to as many families on the waiting list.

The awarding of works

The timing of the operation, to be started with the new decree, may not be very long. The works, although they concern thousands of buildings, are in most cases small extraordinary maintenance works (above all, upgrading of the plant engineering part) for which a few months are needed. Many former Iacp may be able to move within the framework of the maintenance framework agreements that they have already contracted out, cutting the time it takes to contract out the work. In other cases it will be necessary to entrust companies with new maintenance lots: some public housing companies are already moving in this direction. Upgrading, however, will be concentrated mainly in the North, where there are more unfit buildings.

The financial instrument

The resources for social housing would have to be distributed through an emergency financial instrument that would allow them to be allocated on a non-reimbursable basis, based on expenditure reporting. For social housing, given the budgets of the former Iacp and the tenants' fees, a model based on soft loans, similar to the one currently used by the European Investment Bank, would not work. The direction should be given to an entity capable of managing this new instrument, distributing the resources to the former Iacp: the chosen company would be Invitalia.

Social housing

A second line of interventions will be combined with the one on social housing. These are low-cost housing or student residences, which therefore do not access the private market. They will be realised through the redevelopment of public buildings. The financing model, however, will be different: not only non-repayable contributions but also subsidised financing.

The private part

There will also be a private part of the plan, on which Palazzo Chigi is working. This will have at its centre the construction of new buildings for so-called "affordable housing": that is, affordable homes for the grey segment of the market, which does not qualify for social housing but cannot afford to turn to the free market. They will have at their disposal tools such as rent to buy. The pivot of this leg of the plan should be a real estate fund that will raise capital on the market: investors will be guaranteed a steady, though not very high, return from these interventions. For days there has been talk of the involvement of Cassa Depositi e Prestiti in the operation.

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