PAN's Marco Gonçalves Puts Urgent Spotlight on Housing Crisis

PAN's Marco Gonçalves Puts Urgent Spotlight on Housing Crisis

PAN suggests concessional loans with less strict terms and below-market interest rates to address housing issues.

PAN Campaigning In Funchal

In a recent street campaign in Ajuda, Funchal, PAN Madeira (Pessoas-Animais-Natureza) and its lead candidate, Marco Gonçalves, engaged with the public, introducing their manifesto and electoral program for the upcoming legislative elections. During this outreach, they actively listened to the community's concerns regarding the housing crisis.

PAN's Housing Strategy: State-Backed Credit, Tax Deductions and Rental Support

Addressing the pressing issue of housing, PAN proposes a system of concessional credit with state backing, allowing for the deductibility of housing credit expenses in income tax (IRS). Concessional loans, also called soft loans, have less strict terms than standard market loans. They generally also offer below-market interest rates.

In addition, PAN also suggests a reduction in IRS for landlords promoting affordable rentals, and the promotion of public housing at controlled costs.

To further support the rental market and regulate rent prices, PAN advocates for fiscal benefits for landlords.

Quotas and Regulatory Measures for Accessible Public Housing Development

Aiming to enhance housing availability, PAN suggests the implementation of quotas to restrict local accommodations and increase the supply of rental housing. Marco Gonçalves emphasizes the urgent need to control the real estate market to ensure housing rights for the entire population and facilitate the development of accessible public housing. In summary, PAN's approach revolves around addressing housing concerns through financial mechanisms, fiscal incentives, and regulatory measures.

Source: Diário de Notícias Madeira

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