Regulating affordable rentals and controlled-cost housing

Key aspects

• We highlight the regulation of the terms and conditions for supporting the promotion of affordable housing through the assignment of public land and buildings under a surface rights regime.
• We also cover the controlled-cost housing regime, which includes housing funded by the financing line provided for in the More Housing Law, as well as the certification of the Housing and Urban Rehabilitation Institute (the “IHRU”) for the purpose of applying the reduced value-added tax (“VAT”) rate to the construction or rehabilitation of affordable rental housing.
• Finally, we address the new technical recommendations for controlled-cost housing.