First Time Buyers Choose To-Be Built Houses From A Catalog
Dutch city Nijmegen provides affordable housing options in an IKEA-style catalogue.
The city of Nijmegen, Netherlands, worked with several architecture firms to come up with a catalogue of affordable housing kits for first-time home buyers. The housing scheme is called IbbN, short for ‘IkbouwbetaalbaarNijmegen,' which translates as ‘I build affordable Nijmegen.'
The IbbN scheme aims to help those who would normally only qualify for a rental. With this scheme, buyers with an annual salary between €30,000 and €47,000 can select their dream house from a catalogue of 29 designs of terraced houses and detached houses, all by various architecture firms. With the IbbN loan, potential home owners pay within their income range.