“Action Logement” finances in particular real estate loans and the construction of social housing.

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JAUBERT / SIPA

The government wants to take 1 billion euros from the funds of Action Logement (ex 1% Logement), a joint body among the main actors of social housing in France, and wishes to initiate a reform of its operation, learned on Monday. AFP from a government source.

At the time of closing a 2021 budget which includes the recovery plan of 100 billion euros, the government intends again to contribute to Action Logement via "a levy of 1 billion" and has recorded "the principle of a fundamental reform , which remains to be discussed with the social partners, ”said this source, confirming information from Les

Echos

.

500 million already withdrawn in 2019

Created in 1953, the former 1% Logement, financed by a tax paid by companies, is not only a giant in social housing - it owns nearly a fifth of French HLMs - but also of housing in general: it is seated on a portfolio of some 80 billion euros, including 55 billion for real estate assets alone.

This is not the first time that the State has taken Action Logement to finance public housing policy or tie up its budget.

Last year, the organization had already seen 500 million euros funding the 2020 budget and when the government had reduced, in early 2019, the savings requested from the entire world of low-cost housing, the government had decided to compensate for the shortfall. to gain by a levy of some 300 million additional euros.

"Serious dysfunctions" at Action

A report from the General Inspectorate of Finance (IGF) delivered to Matignon last January, and unveiled by

Le Monde

this summer, referred to “serious dysfunctions” in the management of Action Logement, and several avenues for reforming the organization, from the allocation of its resources directly to the State until its outright abolition.

The management of the organization, which last year launched a plan of 9 billion in favor of employee housing, did not wish to react immediately.

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