Outstanding social mortgage loans granted SWCS

The indicator shows the number of social mortgages granted during the year. The Walloon Social Credit Society (SWCS) and the Housing Fund for Large Families of Wallonia (FLW) are particularly competent to grant mortgages at favourable rates to households of modest conditions. The composition of the household determines the competent body. If the household has at least three dependent children*, it is the FLW that processes the request, otherwise it is the SWCS. In the case of social loans, the rates charged are lower than those found in the conventional banking market. They also apply more flexible conditions in terms of borrowed quotity and income. They are set by scales that depend for the FLW on the composition and income of the household, and for the SWCS on the level of income and the amount borrowed. This policy of social loans reflects the willingness of the public authorities to help households of modest conditions access to real estate property. See also: — the website of the ‘[\2](\1)’, in particular to find out how dependent children are counted: — the website of the “[\2](\1)”.