Copenhagen budget deal aims to secure more homes

Copenhagen has its first budget agreement since last year’s municipal election, and it is the first deal made under Lord Mayor Sisse Marie Welling of the Socialist People’s Party.

Eight parties reached the agreement: the Socialist People’s Party, Red-Green Alliance, Social Democrats, Danish Social Liberal Party, Liberal Party, Liberal Alliance, Alternative and Danish People’s Party. The Conservatives and Free Greens remain outside the 2027 deal.

Housing takes a prominent place in the agreement after years of concern over the shortage in the capital. The parties will set aside 30 million kroner in 2027 to buy cooperative housing units. The city plans to purchase and temporarily join 120 to 150 cooperative apartments, helping establish new cooperative housing associations and covering related administrative costs and transfer duties.

The agreement also provides funding to make the city greener and gives attention to welfare issues. “Despite political differences, we have leaned toward one another,” Welling said in a municipal press release. She added that cooperation was necessary to create the best city for Copenhagen residents and said she was proud that the deal would provide more homes, support children’s well-being and bring more greenery into the urban landscape.

Last year, all members of Copenhagen’s city council agreed on the municipality’s budget. This year’s agreement does not include the two opposition parties.

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Despite political differences, we have leaned toward one another. It is important, because cooperation is needed to create the best city for Copenhagen residents. And I am proud that with this agreement we secure more homes for Copenhagen residents, take responsibility for the well-being of the city’s children and ensure more greenery in the urban landscape.