It is with energy-efficient renovation of buildings, the other challenge of the French real estate portfolio: the adaptation of properties to the aging of the population. The number of people aged 75 is expected to reach that in 2060 11.9 millionAccording to forecasts from the National Institute of Statistics and Economic Studies (Insee), against this Today there are 7.1 million.
Seniors who want 90% “age in place, that is, in their historical homeland or at least in a place where they feel at home”as stated by the High Planning Commission in a Report on the aging of French society published in February 2023. In addition “Significant efforts therefore still need to be made to adapt housing construction to the peak of the impending demographic change.”concluded this report.
To encourage tenants and owners to adapt their homes, the government introduced the 1stum January, new financial aid called for MaPrimeAdapt’. The system allows for financing of works within the property, such as the installation of a stair lift or an elevated toilet with a grab bar, but also outside, such as the installation of an access ramp leading to the entrance of a pavilion.
Created from the merger of previous providers, MaPrimeAdapt is open to both owner-occupiers and tenants of private apartments if they inform their landlord of this. Depending on the applicant’s income, the grant can be used to finance between 50% and 70% of the adaptation work up to an amount of 22,000 euros excluding taxes.
Modest and very modest income
Eligible are people with disabilities who can prove a degree of incapacity of at least 50%, people who receive incapacity compensation, and seniors aged 60 to 69 with proof of loss of disability. Resource group (the grid ranges from 1 to 6, depending on the level of dependency).
“ From the age of 70, the allowance can always be paid subject to need-based conditions, even if you are physically able to work.specifies Luc Broussy, president of France Silver Eco, an association that brings together economic actors related to aging, as the origin of the system. “The aim is to provide a breath of fresh air, because the average time a property is now adapted is 84 years old – far too late.” The first questions about adapting the property have to be asked from the age of 70.”, he emphasizes. MaPrimeAdapt also affects landlords with low or very low income and a house that is at least fifteen years old.
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