The Prime Minister, Pedro Sanchez, has announced an increase in the number of homes for social rent with the transfer of up to 10,000 new properties by Sareb to CCAA and municipalities. These houses will be destined to host families in vulnerable situations and are in addition to the 5,000 that are currently donated by public society.
The goal is for half of the new homes to be renovated at the expense of the public purse and transferred immediately and the rest to do so in the medium term, according to the protocol signed by the Ministries of Economy and Development with Sareb. “These properties will be leased at a reduced price to people with limited income and in a proven situation of vulnerability by autonomous communities and local entities,” explains the agreement released by the Presidency of the Government.
On the other hand, the Government and banks have signed an extension until January 2022 of the Social Housing Fund through which the entities will assign 11,000 properties for social rental at reduced prices. This figure represents an increase of 10% compared to the 10,000 homes that currently make up the fund.
In this way, in the end there will be 26,000 homes from the financial sector that will end up for social rent. 11,000 of them are still in the hands of the banks, and the rest were transferred to Sareb in 2012 as part of the financial sector reorganization process.
Sareb homes for social rent
Housing is a fundamental right. Article 47 of the Constitution.
Housing is one of the most basic pillars of democracy and human well-being.
For the Government, housing policy is a priority and fundamental axis.
The problem that already existed due to the increase in rental prices in recent years has been exacerbated by the effects of the pandemic.
We consider it urgent and necessary to renew the rental park. Ensure that large landowners put the housing stock within social reach.
We have to reverse the situation that we have the smallest public housing park in Europe.
We are going to mobilize up to 10,000 Sareb homes for social rent. 5000 will be made available to the state in the short term for situations of vulnerability caused by the pandemic. 5000 in the medium term. These are added to the 5000 that Sareb has already agreed for CCAA and City Councils.
The social package will amount to 15,000 homes. Fomento will take care of the refurbishment before being rented at a limited price.
Vivienda Social Fund: entities will provide housing for use by homeless people. The commitment is to increase the number of dwellings by 10%, from 9000 to 11000, by January 2022. This extension has been signed between the Government and bank employers.
It is a great step that joins many others approved by the Government:
Affordable rental housing plan (20,000 homes), PGE …
We want the public stock in these hot spots to exceed 24,000 homes. To finance this plan, 1 billion will come from the European Recovery and Resilience Fund.
Short-term measures:
Suspension of the launch of mortgage moratorium, rent an automatic extension of rent, a moratorium on rent payments for large owners …
ICO guarantee line of 1,200 million for financing housing in vulnerable situations.
Structural measures:
Reorient state housing plan 2018-2021, state housing law, affordable housing rental plan, 4.3 billion in rehabilitation policy for European funds …
Housing must cease to be a luxury good and a source of stress and concern for young people and people in hot spots.&ul.setAttribute(‘aria-hidden’,’true’);ul&&ul.classList.add(“hidden-content”);})}}
.

Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.