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View all search resultsThe government’s ambition to secure long-term affordable housing funds through the public housing savings program, Tapera, has hit a major setback. The Constitutional Court recently annulled the 2016 Tapera Law in its entirety, declaring that the legislation must be revised within two years or risk being void altogether. The ruling has thrown the program, which was scheduled to be fully implemented in 2027, into limbo and further complicated the government’s already ambitious goal of building three million houses annually.
REI has asked the government to increase the subsidized housing for this year, given that the market had absorbed 48 percent of the originally allotted 166,000 units to date and supply would likely run out by September.
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