Monaco Princely Government Revises Housing Assistance to Enhance Equity and Responsiveness

The Princely Government of Monaco has announced significant updates to the National Housing Assistance and Public Housing Sector regulations, aimed at enhancing the equity and effectiveness of the system. These modifications, detailed in the latest revision of the Ministerial Orders, are designed to better accommodate the specific needs of Monaco residents requiring housing support. Notably, the changes include a refined calculation method for housing aid, particularly benefiting those in the private sector, and adjustments to maintain full housing benefits for surviving spouses over 65 years of age, especially in cases where an additional room has been allocated for health-related reasons.

Further, the revisions provide for the exclusion of children's earnings, who are students, from household income calculations for housing aid, up to a specified limit, and allow for alimentary obligations to be deducted. These changes are in line with the government's ongoing efforts to respond more dynamically to the residents' housing needs, following the introduction of financial incentives in September 2023. Those incentives were specifically targeted at encouraging households without dependent children to relocate from larger apartments, thus optimizing housing allocation.

The updated reference rent scale, set to take effect from January 1, 2025, outlines new rental parameters, with costs ranging from €2,720 for a studio to €16,850 for apartments with five rooms or more. These adjustments were officially documented in the Journal de Monaco on October 18, 2024, and are part of a broader strategy to ensure that housing assistance meets the evolving demands of the community. Residents seeking more detailed information on these changes are encouraged to consult the latest publication in the Journal de Monaco.