Housing for all - new models of financing

Important results from the project

The aim of the project has been to investigate new financial solutions with the objective to make newly produced housing available to a larger group and thereby create more mixed neighborhoods. A market survey has contributed to increased knowledge of the target group´s possibilities to buy a home. The project has resulted in a financial solution that will be launched in spring 2022. The project has been in dialouge with both the Government and Finansinspektionen about new financial solutions for the target group. Experiences have been continuously communicated and disseminated.

Expected long term effects

The project has resulted in a financial model that makes owned housing available for a group that previously could not demand it due to requirements for cash contribution. If the solution is scaled up and used in more areas, in long term the project can contribute to more households being able to reduce their housing costs, increase their savings and stay in the neigbourhod. With less relocation, a safer area is created and, in the long run, a safer city. The solution can contribute to breaking socio-economic segregation and making Malmö a forerunner and role model for other cities.

Approach and implementation

A strong degree of path dependence* in the housing market discourage innovation regarding both the financial regulations and the banks´ conditions. The project has had to break new ground. The cross-sectoral composition of the project group with participants from both the private and public sectors has been a success factor. One conclusion is the need for long-term perspective and persistence addressing social challenges. The theme has been further brought to the fore during the project and the project has provided input to both government investigations and research reports.