It is estimated that some 10,500 Canary Island families, who reside as tenants in protected housing, will be able to access the ownership of their homes. The Canary Islands Advisory Council has issued a mandatory opinion in which it approves the decree relating to this matter of the Canary Islands Housing Department, which is headed by Sebastián Franquis.
The decree may be accepted by families living in public housing for more than 25 years. After obtaining the endorsement of the Advisory Council, Franquis will again submit this decree to the Governing Council next week for its final approval, publication in the Official Gazette of the Canary Islands and entry into force before the end of this month.
The Ministry of Public Works, Transport and Housing through this decree, will offer for sale protected housing of public promotion, both from the Canary Islands Housing Institute (ICAVI) and from the public company Visocan, at the reference price that the houses had at the time of allocation. In addition, tenants are offered a 50% bonus on that reference price and the remaining 50% that tenants must pay, all rents already paid will be deducted.
In this way, as stated by Minister Sebastián Franquis, "this decree fulfills one of the commitments acquired by the Government through the Pact for Dignified Housing and in the Canary Islands Housing Plan 2020-2025, which is to facilitate families the acquisition of ownership of the homes they have been living in for more than 25 years, either under a lease or sale regime."
To benefit from this decree, families must have paid at least 35% of the rent if they are in a protected rental regime, or half the price of the house that they have been paying monthly in the case of those who are in a property regime.
In addition, those who want to access the property must demonstrate that they habitually and permanently occupy the home of which they are the awardee, that none of the members of the cohabitation unit owns any other home, be up to date with the fee approved by the Administrative Board relating to the common expenses of the building, and that the home is insured with a multi-risk home insurance.
