Watch: ‘Everyone Deserves A Home’ – Alex Borg Lays Out Affordable Housing Vision
PN leader candidate Alex Borg has issued a number of long-term proposals aimed at making home ownership more affordable and accessible.
“Everyone has a right to own a decent accommodation that they can call their own home,” Borg said.
“Becoming a homeowner shouldn’t be a burden or obstacle to your own personal progress. We must also promote social justice to help those people who can never purchase a home without help, no matter how hard they work.”
Some of Borg’s proposals have already been implemented to some extent but the PN leader stressed that they should be viewed as part of a long-term strategy to make home ownership affordable, rather than one-off measures.
Borg proposed the expansion of rent-to-own deals, whereby rent payments are put aside towards the eventual down payment of the property.
He also called for a vaster model of equity sharing, whereby the government co-invests in the purchase of a property, with the individual able to buy these shares out over time.
Other proposals include subsidised home loans, grants and loans for first-time buyers at preferential rates, and more incentives for people to purchase and restore vacant properties.
“We must ensure that we live in a fairer society and that economic progress doesn’t act as a hindrance to people who are still starting out,” Borg said.
Do you agree with these proposals?
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