Parliament allocates money for non-profit housing construction
Keystone-SDA
Both chambers of the Swiss parliament have approved an increase in a fund to build non-profit housing projects.
+Get the most important news from Switzerland in your inbox
The Senate voted to increase the so-called Fonds de Roulement by CHF150 million between 2030 to 2034. The fund grants loans for new buildings, renovations and the purchase of properties.
+ The impossibility of buying a house in Switzerland
The Senate also wants to continue the guarantee instrument for housing promotion. The Confederation will improve financing conditions by guaranteeing bonds issued by the issuing centre for non-profit housing developers.
As requested by the government, the Senate approved a commitment credit of CHF1.92 billion for 2027 to 2033 for this purpose.
+ Housing shortages: what works and what doesn’t
The House of Representatives had already voted in favour of increasing the funds.
Adapted from German by AI/mga
We select the most relevant news for an international audience and use automatic translation tools to translate them into English. A journalist then reviews the translation for clarity and accuracy before publication.
Providing you with automatically translated news gives us the time to write more in-depth articles. The news stories we select have been written and carefully fact-checked by an external editorial team from news agencies such as Bloomberg or Keystone.
If you have any questions about how we work, write to us at english@swissinfo.ch
