L'Etat, le promoteur et le maire
La fabrication des politiques du logement
The state, the investor and the Mayor
Manufacturing housing policy
In an evolution as significant as it is silent, real estate investors have become unavoidable partners of housing policies in France. Over the last twenty years, in order to continue to support construction – including of public housing – while limiting their investments, the state and municipalities have chosen to hand things over to investors. They negotiate with them, they guide them, and sanction them. Moreover, they do not hesitate to use tax regulation tools to encourage these actors, who have not been widely studied, and which include subsidiaries of major groups such as Bouygues, Vinci, BNP Paribas, Société Générale, etc.
However, although real estate prices are skyrocketing and the right to housing is struggling to be enforced, this new form of construction of public policies has its dark side. By making themselves dependent on investors, public actors run the risk of seeing themselves stripped of their ability for action.