The Monaco government has introduced a series of new measures to improve its housing assistance programs for Monegasque citizens, including new rental caps for government-owned apartments.
The changes, published in the Journal de Monaco on Friday 18th October, focus on revising the Aide Nationale au Logement (National Housing Assistance) and the allocation of public housing.
One of the key updates is the adjustment of how housing aid is calculated, particularly for residents within the private sector. The government has also announced that surviving spouses over the age of 65 will continue to receive full housing aid, particularly in cases where they were previously allocated an additional room for health reasons.
Another important reform is the revision of the criteria used to determine eligibility for aid. Under the new rules, financial support obligations—known as obligations alimentaires—will be deducted from household income when calculating assistance. Meanwhile, the salaries of children who are full-time students will no longer be considered as part of the family’s income, provided their earnings remain below a specified threshold.
This latest round of improvements follows the financial incentives introduced in September 2023, which encouraged households without dependent children to free up larger apartments with four or five rooms. The initiative is designed to optimise the distribution of housing while offering financial rewards to those who transition into smaller homes.
As part of these reforms, the government has announced that starting from 1st January 2025, the reference rent grid for public housing in Monaco will be updated. This grid sets the standard monthly rental prices for government-owned apartments, with rents varying by apartment size. For instance, a studio will have a reference rent of €2,720 per month, a two-room apartment will be €5,310, a three-room apartment will be set at €8,850, and a four-room apartment at €13,490. The rent for five-room apartments and larger will be €16,850. These changes aim to ensure that public housing rents reflect current market conditions and remain fair for tenants.
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Photo of the Testimonio II towers, which are reserved for the Monegasque National Housing Scheme, by Monaco Life