Housing policy the dutch case
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Housing policy: the Dutch case. Coping with crisis. Marja Elsinga, OTB Research Institute for the Built Environment / TU Delft. Home ownership Social housing. Development of housing tenures in the Netherlands. Encourage home ownership: encourage debt. Mortgage interest deduction:

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Housing policy the dutch case

Housing policy: the Dutch case

Coping with crisis

Marja Elsinga, OTB Research Institute for the Built Environment / TU Delft




Encourage home ownership encourage debt
Encourage home ownership: encourage debt

  • Mortgage interest deduction:

    • 100% deductable at marginal rate

    • 14 billion a year

  • Mortgage guarantee

    • (up to loans of 350),

    • 80% of current market



Number of new dwellings sold quarterly monitor nieuwe woningen 2012
Number of new dwellings sold, quarterly, Monitor nieuwe woningen, 2012


Consumer confidence vereniging eigen huis 2012
Consumer confidence, vereniging eigen huis, 2012


Response to the crisis
Response to the crisis

  • Early response 2008-2010

    • Mortgage interest deduction: Extend period of double deduction from 2 to 3 years

    • Mortgage guarantee: Increase maximum loan from 265 to 350.000 Euro

  • Later response 2011- last week

    • Right to buy for social rental housing: 75% of social stock for sale

    • Reform mortgage interest deduction: make it less generous, proposal of last week, majority in parliament



housing policy, Osaka

Source: CECODHAS European Social Housing Observatory (2008)



The dutch model of social housing
The Dutch model of social housing

  • The Dutch model:

  • Social (not public!!) landlords that provide housing at below market rents and allocate to need

  • Key features:

    • No subsidies

    • Broad target group

    • Access to loans

    • Tied to government


Social housing governance
Social Housing Governance

  • Housing Act

  • BBSH (Social Rented Sector Management Order): performance fields

  • Performance agreements on the local level

  • Two key institutions:

    • Social Fund (CFV)

    • Guarantee Fund (WSW)



Revolving Fund Principle

New affordable housing

Rent income

Housing refurbishment

Housing sale revenues

Community investments


Current issues
Current issues

  • National government

    • More rent increase, new tax for all land lords, 2013 (760 million per year) to finance housing allowance

    • EU competition policy: end of the broad social model

    • Survey by parliament

  • Housing associations

    • Less investment

    • Intermediate tenures

    • Scandal of Vestia


System changes
System changes

  • Forced by financial markets: lower LTV’s and thus less access to home ownership

  • Reconsidering social housing, what is the key aim:

    • Housing the most vulnerable

    • Urban renewal investment

    • Housing a broad group

  • Safeguard affordability by housing allowance


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