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Brussels Governance Monitor

Housing: Housing Fund resumes 1 July, rents +3.7%, SLRB €197M in debt

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The Housing Fund resumes its mortgage lending on 1 July 2026 after a 12-month suspension. Private rents are surging (+3.7%, average apartment €1,376/month) — every municipality crosses the €1,000 mark. The SLRB carries €197M in debt and must sell two sites (Ariane, Palais).

What continues

  • Management of the existing social housing stock

    The 16 SISP (public service real-estate companies) continue to manage the stock: allocations, routine maintenance, rent collection.

  • Ongoing lease contracts

    Existing lease contracts remain fully in force in line with regional law.

  • Housing Fund — Ecoréno loans

    Ecoréno loans (energy renovation) resumed on 1 January 2026, with an interest-rate increase.

Impact indicators

62,234

Households on social housing waiting list

SLRB / VRT (February 2026)

~42,000

Social housing units in the Brussels-Capital Region

SLRB/BGHM

1 July 2026

Housing Fund — mortgage credits resumption

La DH Bruxelles / State Secretary K. Lalieux (23 April 2026)

>€1,300/month (+5% YoY)

Average private apartment rent (2025)

Federia — Rental Barometer 2025

€1,376/month (+3.7%)

Average rent all types (2025)

Federia — Rental Barometer 2025

+12%

Brussels URC rent premium vs Flemish URCs

IBSA — Brussels Studies Fact Sheet No. 216 (April 2026)

+27%

Brussels URC rent premium vs Walloon URCs

IBSA — Brussels Studies Fact Sheet No. 216 (April 2026)

€197M

SLRB — accumulated debt to the Region

BruxellesToday / BX1 (January 2026)

9 out of 10 properties

Unregistered Airbnb listings in Brussels

BRUZZ (1 April 2026)

Housing Fund: mortgage credits resume on 1 July 2026

Mortgage loans of the Brussels-Capital Region Housing Fund — suspended since summer 2025 for lack of financing (banks refused to lend to the body in the absence of a regional government and a voted budget) — are to resume on 1 July 2026.

Announcement by State Secretary for Housing Karine Lalieux (PS) in a Brussels Parliament committee, 23 April 2026. Resumption depends on the regional guarantee being granted on the financial markets ("a formality", Lalieux cabinet). Ecoréno loans already resumed on 1 January 2026, with an interest-rate increase. During the suspension, 25 Fund staff had been placed on temporary unemployment.

Source: La DH Bruxelles (23 April 2026).

Rental market 2025: +3.7% YoY, every municipality above €1,000

According to the 2025 Rental Barometer (Federia, February 2026) and the IBSA complementary analysis:

  • Average rent all types: €1,376/month (+3.7% YoY)
  • Average apartment rent: >€1,300/month (+5%)
  • All 19 Brussels municipalities now cross the €1,000/month threshold
  • −10% new lease contracts signed via agencies in 2024

Inter-regional comparison (IBSA Fact Sheet No. 216, April 2026)

First academic comparison of rents by Urban Residential Cluster (URC):

  • Brussels URC: +12% more expensive than Flemish URCs (Antwerp, Ghent)
  • Brussels URC: +27% more expensive than Walloon URCs (Liège, Charleroi)

Sources: Federia — Rental Barometer 2025; IBSA — Brussels Studies Fact Sheet No. 216; La Libre.

SLRB: €197M in debt, two sites sold

The SLRB has accumulated €197M of debt to the Brussels Region. A repayment schedule was agreed in December 2025. Consequences:

  • Sale of the Ariane site (Woluwe-Saint-Lambert, former Fedasil centre) — estimated ~€30M
  • Sale of the Palais site (Schaerbeek) — estimated ~€22-23M
  • Both sites were intended for conversion to social housing

In total, the SLRB must dispose of €73M in assets in 2026, including converting social rental housing to social acquisition housing.

Sources: BruxellesToday, "Brussels sacrifices social-housing projects to repay the SLRB debt"; BX1; DH, "the SLRB must pay" (January 2026).

Lake Side (Tour & Taxis): permit delivered (2 April 2026)

Urban.brussels delivered the permit for the Lake Side project (Nextensa) at Tour & Taxis: 670 apartments + 100 co-living, 166 social/conventional housing units, 7,310 sqm of public amenities, 127 m tower. €555M investment over 8 years (completion expected 2032). Proximus will install its main HQ on the site from 2028.

Source: BX1 / La Libre / L'Avenir / DH / Nextensa (2 April 2026).

Coalition agreement: announced commitments

  • SLRB: €400M injection over the legislature
  • 1,000+ public housing units announced
  • Be Home doubled: 160 → €320/month
  • Renolution replaced by zero-interest loans (€200M envelope through 2029)
  • Neo (Heysel) restarted
  • Brownfields arbitrated: Wiels/Avijl/Donderberg preserved, 18-month moratorium on Keyenbempt/Calevoet/Josaphat/Meylemeersch, Chant des Cailles + Dames Blanches confirmed
  • Begging-with-children regulation (Brussels-City, 20 April 2026) — impact on public-space use in the Pentagon

Foyer Anderlechtois audit (April 2026)

An SLRB audit (1 April 2026) revealed multiple drifts at the Foyer Anderlechtois: chairman too operationally involved, no follow-up on rent arrears, opaque purchasing processes. The SLRB also deemed the housing-allocation derogation committee, created without statutory basis, illegal.

Source: BX1 / DH / L'Avenir (1 April 2026).

Inherited context (June 2024 – February 2026)

New social housing programmes, rental regulation updates and the SLRB investment plan were blocked. The SLRB, indebted at 197M EUR, had to sell the Ariane and Palais sites.

Read full context

Back to home24 April 2026

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