France's Hollande sets social housing value-added tax cut
March 21, 2013 at 07:16 AM EDT
ALFORTVILLE, France, March 21 (Reuters) - France will cut the value-added tax for new social housing construction to 5 percent starting Jan. 1, 2014 as part of a bid to address a chronic shortage of affordable homes, President Francois Hollande said on Thursday.