A former school building in Budapest is being converted into the city's first new social housing in 25 years, with support from the European Union and the city administration.
The €6.2 million project at 39–43 Baross Street in Újpest is 80% funded by the EU, with the first tenants expected to move in early next year. Budapest Mayor Gergely Karácsony said the development comes as the Hungarian capital faces a worsening housing crisis.
