Housing package put on standby

18.05.2019 - 09:17
Housing package put on standby
The national housing association lacks the financial authority to initiate new building projects

When MPs went on their summer break earlier this month, so did the government’s housing plan.

National housing association Bústaðir was due to receive a DKK 250m loan authorisation earmarked for building and selling flats.

 >> SEE ALSO Housing package presented

But the loan authorisation bill had not been finalised by the Financial Committee when MPs went on their summer break on 4 May.

No new contracts

Bústaðir is currently working on nine building projects across the country, which will provide 209 new flats.

 >> SEE ALSO Housing bills introduced

These projects are fully financed, but due to the lacking loan authorisation, no new contracts can be signed until the parliamentary summer break ends.

Bústaðir CEO Andras Róin remains hopeful that this authorisation will be processed and approved as soon as MPs return from their summer break.

Translated by prosa.fo


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