EU housing plan to reform state aid rules and enhanced European Investment Bank funding

The plan acknowledges the scale of the housing challenge facing member states, with officials estimating an additional 650,000 homes a year are required across the EU to address supply shortfalls driven by rising construction costs and disrupted supply chains.

The EU's first-ever affordable housing plan will see reforms to state aid rules and enhanced involvement from the European Investment Bank.

The plan acknowledges the scale of the housing challenge facing member states, with officials estimating an additional 650,000 homes a year are required across the EU to address supply shortfalls driven by rising construction costs and disrupted supply chains.