The housing market in the Brainport region is experiencing enormous pressure. That is why Rabobank has announced an investment of one billion euros in affordable housing for the mid-range rental market. The goal is to create 2.750 additional homes in the coming eight to ten years via the BPD Housing Fund.
The housing shortage in the Brainport region is more than just a policy issue: it is clearly visible in the overcrowded hotel lobbies and temporary apartments where new residents stay. Tech talents and young professionals who move to Eindhoven often start their careers in a hotel room, waiting for a place to rent.
At the moment, there are more than 550 applications for every available home. The market is so tight that even social organizations are struggling to recruit staff, and families are left uncertain about where to live for months. Owning a home has become a distant dream for many in the innovative heart of the Netherlands.
The statistics confirm the urgency of the situation. According to Rabobank and the BPD Housing Fund, more than 2033 mid-range rental homes must be added by 16.000 to meet demand. The pressure is greatest for starters, families and people with an average income, who fall between the cracks in the current housing market.
“The Eindhoven region, as one of the most innovative areas in Europe, is growing rapidly,” says Carlo van Kemenade, member of the Board of Directors. “At the same time, I see the pressure this puts on the city: it is becoming increasingly difficult to find housing. Especially for young people or people with an average income.”
With the investment of one billion euros via the BPD Housing Fund, Rabobank wants to make a significant contribution to solving the housing shortage. This will result in 2.750 additional homes for the mid-range rental market in the coming years, of which 205 have already been completed and 532 are under construction.
The program fonds purchases homes at an early stage, allowing developers to obtain financing more quickly and actually start projects.
“The BPD Housing Fund exists to provide affordable, sustainable housing to households with an average income, such as starters, families, elderly people living independently and elderly people with care needs,” says Harm Janssen, CEO from BPD Bouwfonds. “Rabobank’s investment makes it possible to do this on a large scale in this region.”