The State wants to take Action Housing back in hand
Does the budget ministry want the skin of Action Logement, formerly 1% Housing, or will it be content to poke its pockets? Reading the very confidential report of the Inspectorate General of Finance (IGF) delivered in January to Edouard Philippe, then Prime Minister, the future of this unique institution seems compromised.Created in 1953 to collect the participation of companies in the effort construction (Peec), it now has 15,000 employees and is managed jointly between employers' unions (Medef, CPME) and employees (FO, CFDT, CGT, CFE-CGC, CFTC).
The treasure of Action Logement is indeed envious.Its real estate subsidiary (ALI), first of all, owns, through 57 public housing organizations, nearly one million social or intermediate housing, which represents approximately 20%.its other subsidiary, Action Logement Services (ALS), is based on an ideal financial model: it is guaranteed to receive 1.7 billion euros in contributions each year from the companies it is supposed to redistribute to help employees find housing, which it does less in the form of subsidies than loans to first-time buyers to buy or renovate their homes or to social landlords to build or renovate.Action Logement therefore collects loan repayments.which almost double its annual manna.
83.4 billion euros in assets
Thus, reserves accumulate and stir up greed all the more as they are now more visible.The 2016 reform merged into a single body the twenty regional or sectoral collectors of yesteryear who shared the collection., and everything is concentrated in the annual accounts of a single group.
Posted Date: 2020-08-26