The Brussels Housing Fund has announced a temporary suspension of new applications for mortgage loans, consumer loans, and investment loans from 1 July to the end of December 2025.
The fund, a cooperative company, assists low-income families in purchasing or renting homes. It is supported by structural funding from the Brussels Region, supplemented annually by loans from banks to enable its credit activities.
Recently, several banks have limited their loans to the Fund, not due to concerns about its creditworthiness, but to signal dissatisfaction with the political situation in Brussels, where a full government is yet to be formed a year after elections, the lending institution stated on Thursday.
Faced with cautious cash flow forecasts for the coming months and a lack of financial assistance from the regional government, the Fund is compelled to implement temporary measures to preserve its economic viability.
This suspension does not apply to loan applications related to the sale of properties built by the Fund, or to ECORENO (home-renovation) loan applications submitted by current Fund borrowers.
The Housing Fund regrets that the impact of these measures will be felt from September, including economic layoffs for some staff members.
