A transitional measure to support donors

Facilitating the financing of renovation work on social housing over twenty years old is at the heart of a recently published decree.

Manuel Valls, Minister for Overseas Territories, and Valérie Letard, Minister responsible for Housing, underline the importance of this text to support social landlords in their rehabilitation projects. In Guadeloupe, Martinique, Guyana, Réunion and Mayotte, social housing over twenty years old will be able to benefit from a tax credit. This system makes it possible to offset the additional costs linked to construction in overseas territories and to encourage investments in improving the residential stock.

The decree sets precise technical, energy and environmental performance criteria to be achieved to qualify for the tax credit. The work must enable the renovated properties to approach the standards of new constructions or to strengthen their resistance to seismic and cyclonic risks.

A one-year transitional measure will temporarily facilitate access to the tax credit for social landlords meeting a reduced number of conditions. This provision aims to accelerate the launch of the first rehabilitation projects and to stimulate investment in the improvement of overseas residential structures.

Thus, the government intends to modernize social housing in overseas territories while encouraging landlords to invest quickly and effectively in the quality of housing. According to the authorities, the objective is to make these homes safer, more comfortable and better adapted to the environmental and climatic challenges specific to overseas territories.