The impact of housing finance policies on the right to adequate housing of those living in poverty 2012, para. 37
Paragraph- Paragraph text
- Although the rationale for the implementation of subsidized mortgage markets is supposedly to reduce State intervention in the housing sector, support for savings banks, interest-rate subsidies and tax allowances mobilize a large amount of public money. The Government is committed to long-term subsidy payments, which are hard to control during the contract period. For example, in Spain and Hungary, tax-exemption schemes were recently cancelled owing to serious fiscal problems. The Special Rapporteur believes that a State's sole reliance on mortgage subsidies may be considered incompatible with its obligation to employ the maximum available resources to promote the right to adequate housing without discrimination. This is particularly the case when States devote the majority of their budgets to these policies while at the same time dismantling or failing to promote social housing programmes or other alternatives that specifically target the poor.
- Legal status
- Non-negotiated soft law
- Body
- Special Rapporteur on adequate housing as a component of the right to an adequate standard of living
- Document type
- Special Procedures' report
- Means of adoption
- N.A.
- Topic(s)
- Governance & Rule of Law
- Poverty
- Person(s) affected
- N.A.
- Year
- 2012
- Paragraph type
- Other
- Reference
- SR Housing, Report to the UNGA (2012), A/67/286, para. 37.
- Paragraph number
- 37
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