Slavica Salihbegovic's experience of securing a larger apartment reflects Vienna's successful social housing model. With a three-bedroom unit in a new building, she enjoys family-friendly amenities in a vibrant neighborhood. Vienna's approach offers subsidized housing for over half its residents, contributing to significant construction efforts and provides stability for families. As cities grapple with rising living costs, experts advocate for adopting similar models globally, highlighting their effectiveness in combating housing affordability crises and enhancing community living.
"I love it. It's in the middle of Vienna," she said. "A lot of young families moved in at the same time. There's a big campus here, with a kindergarten and primary school."
In recent years, Vienna has become renowned among housing experts for its model of social housing, which provides heavily subsidized rental units to more than half of the city's two million residents.
Experts say social housing models like Austria's are among the best defense against a growing affordability crisis and are begging governments to continue investing aggressively in such programs.
The rent from those units helps power 400 million ($626 million) in new construction annually, amounting to more than 12,000 units built or refurbished every year, according to the city.
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