City housing company debt and financial future
Tom Hedrup (M) questioned Housing Commissioner Deniz Butros (V) about the rising debt of municipal housing companies, currently around SEK 36 billion, with annual interest costs of SEK 1 billion, fearing it would displace welfare investments. He inquired about future debt projections, reduction plans, potential property sales, and the risk to the city's credit rating. Butros responded that the housing companies are well-managed and financially strong, confirming the city's stable AAA/A-1+ credit rating and stating no negative impact is expected from the housing companies. She emphasized that the majority will not sell properties, but instead protect and expand the housing stock, with new projects self-financing and not burdening taxpayers, also suggesting government support like reintroducing investment grants.
This summary is based on the meeting agenda. We'll update when the minutes are published.
The original document is available at
meetingspublic.stockholm.se.