Social Home Lease Loan (PSLA) and Zero Rate Loan (PTZ): Terms and Conditions of Allocation Change

The rental-accession social loan (PSLA) facilitates access to home ownership for a modest household without down payment. This contracted loan is granted to operators (HLM, SEM organizations, private developers, etc.) to finance the construction or acquisition of new dwellings that will be the subject of a lease-purchase agreement. To benefit from it, the operator must obtain a prefectural approval and sign an agreement. When the lessor (for example, the housing authority) sells the housing, the loan is transferred to the buyer. The household first rents the new dwelling approved by the State as a tenant-landlord and pays a fee. He can then become the owner of the dwelling at a preferential rate and receive assistance.

Social Rental and Accession Loan (PSLA)

The following are now eligible for the PSLA:

• the acquisition and improvement of old dwellings, provided that the work program for which they are the subject represents at least 25% the total cost of the operation and enable the dwelling to achieve an energy performance at least equivalent to an energy class E (these conditions have been aligned with those of the old PTZ so as to allow the financing of an acquisition of PSLA in the old by an old PTZ);
• transactions treated as the construction of new dwellings within the meaning of VAT;
• development operations for the use of accommodation in premises not intended for housing.

A 6-month rental phase is now mandatory.

The supporting documents to be provided when applying for approval of an operation financed by a PSLA shall be detailed in the order, in particular those demonstrating compliance with the percentage of work and the energy performance threshold expected for the purchase and improvement of old dwellings.

Zero interest rate loan (PTZ)

Second occupants of a unit subject to a PSLA are now eligible for the PTZ, subject to the following two conditions:

• the first occupant must have left the dwelling less than 6 months after entering the premises;
• the property must be less than 5 years old on the date of entry into the premises of the second occupant.

A model of attestation on honor is proposed to justify compliance with the conditions laid down for the granting of a PTZ to the second occupant of a PSLA dwelling (justification by the seller of the new character of the dwelling, following the departure of the first occupant in the context of a rental-purchase agreement approved by the representative of the State).