Amendments to 2027 budget adopted

French deputies approved several amendments to the 2027 budget, focusing on expanding access to the zero-interest loan (PTZ) program, which helps with home ownership. The changes aim to make the program more inclusive by adjusting eligibility criteria and addressing regional disparities.

PTZ eligibility to include BRS homes

One of the amendments extends the PTZ to homes under the solidarity rental lease (BRS) model. This model separates land ownership from the building, allowing buyers to purchase the structure while leasing the land from a solidarity land office (OFS). This approach lowers the overall cost of home ownership.

Concerns over BRS market exclusion

Deputies argued that excluding BRS homes from the PTZ could hinder the BRS market, as potential buyers might be deterred by the lack of access to zero-interest financing. The amendment aims to make BRS homes more attractive by allowing subsequent buyers to benefit from the PTZ, thus encouraging resale and market activity.

PTZ expansion to overseas territories

Another amendment extends the PTZ to overseas territories and areas with tight housing markets, including Guadeloupe, Guyane, Martinique, Reunion, and Mayotte. This move seeks to address the current exclusion of these regions from the program, ensuring that local households can also benefit from the zero-interest loan.

PTZ access for young workers in tight areas

Deputies also approved an amendment to allow young workers under 35 in tight housing areas to access the PTZ in the existing housing market. This aims to support first-time home ownership among younger residents while encouraging the renovation and use of existing housing stock.

Uncertain future for the budget

The proposed amendments remain uncertain, as the final adoption of the budget is not guaranteed. The government may override the text using the 49.3 procedure or budget decrees, which allow it to pass legislation without a full parliamentary vote.