Prague Councilors approve further subsidies for housing construction and refurbishment

Prague Councilors approve further subsidies for housing construction and refurbishment


10/5/2020

58 new apartments will be available to Prague citizens thanks to housing construction subsidies and the quality of housing will improve in multiple city districts due to support for refurbishments of residential buildings. New housing capacities will be created after a renovation and repurposing of a former hostel. Prague City Councilors have approved an allocation of further finance from the Accessible Housing Development Fund whose purpose is to improve the quality of accessible housing in Prague.

“The plan is for the city to provide investment subsidies in the total amount of nearly 105 million crowns to Prague 7, Prague 10, Prague-Lysolaje, Prague 3 and Prague-Vinoř districts. A special chapter will be a subsidy of 73 million crowns to be provided to Prague 11 district for a total refurbishment of the former hostel Sandra,” says Adam Zábranský, City Councilor responsible for the city’s housing and transparency agenda. The plan is yet to be approved by the City Assembly.

The greatest part of the subsidy will go towards the refurbishment of Sandra, a former hostel in Prague 11. The rest of the money will be provided to the other city districts to refurbish 49 apartments that are currently vacant and uninhabitable and to build nine new ones. Specifically, Prague 7 will build new apartments and refurbish a residential building, Prague 10 will refurbish multiple apartments, Prague-Lysolaje will build a new apartment, Prague 3 will refurbish a residential building, and Prague-Vinoř will build a residential building.