Action Logement presents an initial assessment of its interventions in the Action Cœur de Ville program

For eighteen months, the Social Partners, in close collaboration with the elected representatives of the territories, have undertaken proactive initiatives to reclaim these urban fabrics: the objective is to develop a new supply of housing there for the benefit of employees, thus participating in the revitalization of the local economic fabric. First assessment backed by concrete achievements.

575 operations underway in 160 cities

As of July 1, 2020, more than 575 real estate transactions have been selected and financed by Action Logement in 160 cities, i.e. 6.600 homes put back on the market in the short term. Although hampered by the health crisis and the period of uncertainty linked to the municipal elections, the operations in progress, which represent a cumulative amount of 364 million euros (including 270 for the first half of 2020), continued during the spring , limiting the delay in delivery to two months.

• Typology of investors: 1/3 of operations are implemented by private investors and 2/3 by operators of the social housing stock.
• Nature of operations: 68% of operations relate to the rehabilitation of existing buildings, 25% to demolition-reconstruction or conversion of use, and 7% are dedicated to new constructions.
• Size of operations: adapted to the context of city centers, real estate operations are on average modest in size and ultimately allow 12 housing units to be offered per project. The operators of the social housing stock are developing more significant operations (16 housing units) than those of the private housing units (6 housing units).
• Deployment in the territories: the program began to be deployed in Pau, with the laying of a foundation stone in July 2019. The first deliveries were made at the end of 2019 (Angoulême, Saint Lô, etc.). Find the main LCA projects in eligible cities on actionlogement.fr

A dynamic “snowball” effect

This new funding dedicated to ACV and implemented by Action Logement is linked to all the aids and services provided by the Group. It is thus part of a global dynamic for the benefit of the territories concerned.

• The 51 real estate subsidiaries of Action Logement operate in ACV towns and offer local elected officials the opportunity to develop complementary and diversified housing offers. As of July 1, more than 154 million euros representing 84 operations, or 1.500 housing units, were invested by the subsidiaries in communities already involved in ACV.
• Employees of ACV cities benefit from all the aids developed by Action Logement (Visale, AIDE MOBILI-JEUNE®, the Accession loan, relocation aid, the development of new housing, etc.). 328 million euros have been mobilized since the launch of ACV.
• The Voluntary Investment Plan launched by the Social Partners in April 2019 also made it possible to complete the initial mechanism, in particular with the establishment of aid for energy renovation work in housing and aid for adaptation. from housing to aging. Within the framework of this plan, the funding allocated to the demolition of social housing operations in the slack areas and the production of a new supply of better adapted housing could be combined with LCA operations.
• Finally, Action Logement has conducted an active rental investment policy: some 24.000 households have benefited from the allocation of social housing in the 222 ACV towns.

In total, through the implementation of the LCA program and its combination with the Group's tools, nearly 880 million euros were mobilized in favor of the beneficiary cities. It is a concrete demonstration of the commitment of the Social Partners of Action Logement to an ambitious policy in favor of all territories, in the service of the employment-housing link.