The President of the Government, Pedro Sánchez, has announced that 6,000 million euros will be mobilized in the form of guarantees and loans to public and private developers, to promote the construction of 43,000 homes for social or affordable rent, for at least 50 years.
The announcement was made within the framework of the agreements signed by the Ministry of Housing and Urban Agenda and the Ministry of Economy, Trade and Business, by their respective heads, Isabel Rodríguez and Carlos Cuerpo.
The 6,000 million are divided into two lines of investment, one of 4,000 million in loans for public and private developers, from the Addendum to the Recovery, Transformation and Resilience Plan (PRTR); and, secondly, a line endowed with 2,000 million that will guarantee up to 50% of these loans, promoted by the Government of Spain and managed through the ICO.
Sánchez has also renewed his inauguration commitment to increase the public housing stock by 180,000 homes, after assuring that today there are more than 80,000 of them in different phases of development.
"The legislature of housing"
The President of the Government, who has emphasized that he wants to turn this mandate into the "legislature of housing", has highlighted the importance of this investment impact to prevent housing from becoming a bottleneck that leads to the restriction of economic growth and job creation.
He also stressed that his is a government "absolutely convinced of public-private collaboration" and has argued that this funding will "allow public and private developers to access financial resources in sufficient quantity and quality."
He has also demanded that the construction of these homes be done with energy efficiency criteria that anticipate Spain in the 2030 climate neutrality objective, so that the country continues to be a European benchmark in energy transition.
The funded projects must meet certain climate requirements in which the constructed buildings must achieve a consumption of less than 20% of primary energy than that established for buildings with almost zero energy consumption according to national guidelines; and, the rehabilitated ones, must reduce, at least, 30% of non-renewable primary energy.
