Uruguay applies tax incentives for the private sector for social housing, Uruguay’s Minister of Housing and Territorial Planning, Tamara Paseyro Marin, said during the session titled “A New Deal for Housing Finance” held within the framework of WUF13, APA-Economics reports.
The minister said that within the framework of Uruguay’s social housing policy, tax incentives are applied for the private sector, subsidies are provided to families, and price limits are set for the constructed apartments.
According to her, the state is trying not to interfere with the private sector’s participation in the market, but rather to direct its activities toward social housing.
Tamara Paseyro Marin noted that coordinated activity of state institutions is essential for the success of housing projects, and all institutions should be involved in the process from the project preparation stage.
The minister added that in policies related to informal settlements, the main focus is directed not only at housing, but also at infrastructure, services, social integration, and transport opportunities.
