Prague city councilors today agreed to purchase Skloněná compound from the Municipal Transport Authority. The compound includes five buildings and other facilities located in Prague’s Vysočany district. The Transport Authority used to rent the buildings as hostels. Prague will buy the compound for less than 116 million CZK and convert it into residential buildings in partnership with Prague 9 local authority.

“Once refurbished, the Skloněná compound will expand the deficient municipal housing stock. Besides some 175 new flats, the compound will offer facilities for social services providers. Acquisition of new capacities for accessible housing goes hand in hand with efforts to refurbish the existing housing stock, which have accelerated to a record pace,” says Adam Zábranský, City Councilor responsible for the housing and transparency agenda.

The city has been negotiating with the Prague 9 district authority on a transfer of two of the five buildings to the local administration to take part in the development of accessible housing. All the buildings will be repaired and converted for residential purposes. At its September session, the Prague City Assembly is to discuss the acquisition which is to be financed from the Accessible Housing Development Fund.