1. Low Income Housing Finance and Subsidies: the Case of Portugal Romana Xerez ISCSP - University of Lisbon Brazil-EU Dialogue Seminar on Low Income Housing Finance And Subsidies LSE, 25 th September, 2014

2. Portugal How does Portugal provide low income housing finance and subsidies?

3. Housing: a social right after the revolution Housing and social rightsConstituent assembly of 1975-1976 The Case of Portugal

4. 1988 Right to Buy LTV 100% Private Housing Saving Accounts (1986-89) Subsidised credit (1998- 2002) 1983 Public Social housing Housing controlled Cost 1940s Public Limited rental Houses

5. What does social housing mean in Portugal? Housing promoted by local councils, Cooperatives of Economic Housing, Private Institutions of Social Solidarity and the private sector with financial support from the State and intended for sale or rental. The Case of Portugal

6. Government: legislation; housing allowances. Institute of Housing and and Rehabilitation (IRHU). Municipalities: providing land, housing allowances and management and maintenance (municipalities companies). Cooperatives: affordable housing for rental or ownership The Case of Portugal

7. Rents Borrowing capacity 10% to 25%. 1983 social housing Act: social rent (renda social). 1993 supported rent (renda apoiada) New Urban Lease Regime (NRAU) allowance benefiting low-income households with rental contracts prior to 1990. The Case of Portugual

8. Social Housing Stock in Europe

9. 118,000 social housing dwellings Social housing: occupied under a lease 95.5%. Vacant 4.1%. Illegally occupied 0.4%. 25 600 applications for social housing. Average monthly rent 60 €. The Case of Portugual

10. Demographics of social housing tenants Low income households, gypsies, unemployed slightly overrepresented, African immigrants, old people, low educational levels, as well as better off tenants. The Case of Portugal

11. Social mix versus segregation and peripheral location. Middle classes. Rental systems versus homeownership. Municipal companies, cooperatives, public/private. Alvalade case study. New welfare state: housing as a cornerstone. More research is needed to deepen the understanding of social housing in Portugal. How can we learn from the case of Portugal?

12. Thank you! rxerez@iscsp.ulisboa.pt