Evaluation of French Homeownership policies

ipp-projet-evaluation-aide-accessionMotivation : Since 1945, supporting homeownership is an important part of the French housing policy. Several tools aiming at helping households in the purchase of their property are available, classified in two broad categories: those favouring access to the credit market by offering lower interest rates (prêt conventionné, prêt d’accession sociale, prêt à taux zero), and those helping households reimburse their loan (housing benefit specific to first-time buyers). Several studies have criticized the efficiency of this policy which is said to be poorly targeted towards the neediest households, and to generate a deadweight effect as well as an inflationist effect. Rethinking homeownership policies is therefore necessary to restore their efficiency.

Project : The aim of this work is to study the profile of the recipients of the homeownership policy, as well as the interactions between the different components of this policy, using a loan-level database produced by the organism in charge of guaranteed loans (Société de Gestion des Financements et de la Garantie de l’Accession Sociale à la propriété (SGFGAS)). This analysis is then used to propose several reform scenarios for which we describe the expected theoretical effects.

Visuel coursdescomptesIPP researchers associated to this project: Antoine Bozio, Marion Monnet et Lucile Romanello.

Chercheurs IPP associés au projet : Antoine Bozio, Marion Monnet et Lucile Romanello.


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