The National Building Fund
The heart of social and affordable housing in Denmark
For more than 50 years, the National Building Fund has been playing a crucial role in supporting the Danish social and affordable housing sector, ensuring that housing providers are not affected by pro-cyclical investments, usually peaking during times of the strongest economic prosperity and declining in times of economic difficulty. Instead, the Fund allows social and affordable housing operators to be self-funded not needing to rely on public financing only. Housing Europe’s Social Affairs Chair, Natalia Rogaczewska and Solveig Råberg Tingey, a Chief Economist at the Danish Federation of Non-Profit Housing Providers (BL) explain how does this system work in practice.
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