Affordable housing: An opportunity for private investment?

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Organizer

American Chamber of Commerce
in the Czech Republic

When

9.12.2019, 14:00 - 9.12.2019, 16:00

Where

AmCham, Dušní 10 Show on map

What

Let us invite you for a roundtable discussion on Affordable housing: an opportunity for private investment? which will be held on December 9, at 14.00-16.00, at AmCham, Dušní 10, Praha 1.

A discussion is to give our members – potential investors, developers, employers – an opportunity to talk to public officials directly on how to tackle housing crisis in Prague and how to involve private sector into housing investment.

A roundtable is part of a series of discussions on affordable housing situation in Prague held by Amcham Real Estate Council. A kick-off event Prague Residential Crisis started a platform for cooperation among public bodies, developers, employers and other stakeholders to work toward improvement of the residential real estate market situation in Prague.

In December, together with Prague City Hall Council member and Deputy Mayor for Prague 7 (Praha Sobě) Lenka Burgerová, IPR SDM Section Director Jaromír Hainc, co-Executive Director of The John Marshall Law School Fair Housing Legal Support Center and Fair Housing Legal Clinic professor Michael Seng and Head of Housing Policy Department at the Ministry of Regional Marie Mohylová, Deputy Minister for Coordination of EU funds and international relations Section Daniela Grabmüllerová, PasserInvest Business Development Director Eduard Forejt, we will focus on current issues in housing availability in the capital, proposed solutions including the timing, newly proposed adaptations of the legislation related to housing (such as návrh zákona o dostupném bydlení), affordable housing, rentals, investment opportunities, subsidies, presenting case studies from abroad etc.

A debate will be moderated by Senior Associate at Squire Patton Boggs Lenka Nová whose primary practice focus is real estate, particularly planning and permitting issues, as well as negotiating contracts related to real estate development.

According to the latest economic study on housing for the metropolitan area of Prague and Stredocesky kraj, the capital city is in need of housing for at least 1.55mn people. Since 2015, unsustainable housing situation in Prague led to an increase in average price for a square meter of a newly built apartment in Prague by 68% which has made housing inaccessible and unaffordable to most Prague citizens.

How does the public administration on both national and regional levels plan to deal with a lack of housing in Prague and rapidly growing prices? What does the authority already do / plan to do in terms of improvement? How far is Návrh zákona o dostupném bydlení? Could subsidies to private sector/PPP projects be a solution? What is the % of accommodation still in the City of Prague ownership? Would “taking” private accommodation back into public ownership be a solution? Could building the “employer´s flats (podnikové byty)” built by companies for their employees improve a situation?

For more information please contact Nelly Tomcikova (at ntomcikova@amcham.cz) or register online or directly at registration@amcham.cz

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