Private investors along with Czech towns will be able to get state loans for the construction of senior housing. CZK 0.5bn is currently on offer, but the figure will probably rise in the coming years as rent regulation is phased out in the Czech Republic. The Czech population continues to age, and it’s believed the country will need thousands more small, affordable rental units to house seniors in.
The economic daily Hospodářské noviny writes that the new state loans will mature in 30 years, offering investors far better conditions than are on offer from private banks. This first tranche of CZK 0.5bn is expected to suffice for the construction of 30 apartment buildings offering small, accessible units located near community care services. The subsidized flats should be at least 25 sqm, following current practice for senior living in New York city, writes HN.
