The attack on the policy by the property firms, some of which have previously negotiated hard to reduce the amount of affordable housing on their own schemes, will be a blow to Lewis, who had cast the reform as removing a "stealth tax" that hindered regeneration and encouraged properties to be left empty.
The government forecasts it will take £205m in 2017/18 as a result of the change, and has suggested it will encourage property investors to improve conditions for tenants.
"Our goal is to encourage property owners to save as much farmland as possible, and toward that end, we're offering tax-break incentives," she said.
The added hope, he said, is that it will encourage property owners to improve their buildings and other developers to invest in the city.
"My thing is to encourage property owners to not seek reassessments because you're going to pay on one end or the other," said Andrew Hardwick, Freeport's mayor.
However, as 18% of the UK's carbon emissions come from non-domestic buildings, the government is keen to encourage property developers and commercial tenants to manage their energy more efficiently.
The report is a preamble to assigning scores to individual buildings on their energy use and publicizing them to further encourage property owners to make necessary improvements, not unlike the grade system the city uses for restaurants.
The banking fund will help to push the public debt up to 38.8% of GDP next year.In September Mr Solbes announced a €3 billion credit line to encourage property companies to let out their empty flats.
In some situations planning incentives such as building lines, bulk factor and rezoning may lure developers, investors and even encourage property owners to develop structures that are more profitable.
City staffers are supposed to come back with more detailed reports on how it would work, including how much the city would pay and what incentives the city could offer to encourage property owners to start fixing buckled walkways.
