The new Foundation for Social Housing (FHS) intends to enable the development of new housing built on land acquired at low cost, to be managed by non-profit organisations oper- ating in accordance with pre-defined rules. The accommodation will be provided at below- market rents and will be allocated to specific target groups (. older people, students, immigrants, single income households etc.). The project involves close collaboration with the public administration, with both the Region of Lombardy and the Local Government Association being represented on the board of FHS. The initial aim of the Foundation is to raise a Fund of €50 million.
