Idea 28

Creating Targeted Affordable Housing

Creating Targeted Affordable Housing – through a Municipality-Initiated Housing Fund

Vendays-Montalivet is considered a well-off municipality.
But it is also a small local authority with limited financial and administrative resources.

Planning, financing and delivering housing at the necessary scale exceeds the capacity of a small municipality acting alone.

If we want to create affordable housing sustainably, we need a model that combines private investment strength with municipal leadership.

That is why we propose the creation of a housing fund initiated by the municipality.

“Investing in year-round living.”

This model brings together three actors:

Private investors, large or small, willing to invest in housing for the long term.
A property developer building housing integrated into the local landscape and adapted to real housing needs and realistic rent levels.
The municipality, acting as the governing and guaranteeing authority.

The municipality plays a central role.

It ensures that:

housing remains dedicated to long-term rental,
any conversion to seasonal rental is excluded,
rental contracts are clear and framed by defined objectives,
both investors and tenants benefit from real security and predictability.

In return, investors accept stable returns rather than high short-term profits.

The goal is not maximum profitability, but stable, predictable and sustainable income.

Through contractual mechanisms, rent regulation and clear allocation rules, the municipality safeguards the public interest without becoming a developer itself.

This creates a balanced model:

Investors gain security and stability.
The municipality retains strategic oversight.
Residents benefit from affordable and appropriate housing.

This project must be initiated and coordinated by the municipality.
It combines private capital and public responsibility.

No speculation, but partnership.
No short-term profit, but long-term stability.

This is how we can create housing that remains available for people living year-round in Vendays-Montalivet.

Activate.
Secure.
Build.