Under-35s to get state help for housing loans in Brussels

15 Mar, 2011

New loans have been launched by the state to help under 35s in Brussels get onto the property ladder. Residents of the Brussels region who want to buy their own home and are under 35 will be able to apply for a loan at favourable rates from the Fonds du Logement (FDL), a state corporation that provides home loans and affordable housing to those on lower incomes.

According to demographic forecasts the Brussels region will have the largest proportion of youth and young families in the future, and the secretary of state for housing has acknowledged that there is a scarcity of affordable housing in the capital. The new loans available from FDL have increased maximum loan allowances and lower interest rates than the private sector.