Almost two-thirds of Spain's subsidized housing is built in Madrid

Almost two-thirds of Spain's subsidized housing is built in Madrid

Madrid is the region that creates 60% of social housing in Spain. This applies to the most economically and socially vulnerable segments of the population.

It is worth noting such a project as “Proyecto Vive”. This is a plan to create 5,400 homes for rent at 40% below the market price.

Paloma Martin, the Minister of Environment, Housing, and Agriculture of Madrid, said that over 900 residential properties for low-income people had been commissioned since June 2019.

One of the social housing projects in Vallecas, a district of Madrid, is designed for families with a high annual income of 28,000 euros. Tenants will pay 350 euros for renting a two-room apartment of 50 square meters.

One of the goals of social housing programs is not only to provide affordable housing to people in need but also to help them integrate into a new community and improve the economic situation of the poor.

For this purpose, the programs include accompanying new buyers and tenants after they have bought or leased new properties.

For example, in 2021, the authorities allocated about 3,960,000 euros to help new residents of social housing areas over the next 20 years.

This is not a new practice for Spain, and it is effective.

Support is provided by individual families, communities, and associations. It is conducted with public organizations, social, medical, and educational services in the target area.

The AVS Social Housing Program also provides secondary housing to families in need. Populated multi-story buildings are a priority. The average rental rate for such apartments is about 175 euros per month.

But for some of the most vulnerable categories of the population, the rate can be reduced to 46 euros per month.

In addition, regional government assistance programs provide legal aid, protect the private property rights of tenants and homeowners, and try to attract investment in developing communities.

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