The Government has agreed with the Society for the Management of Assets from Bank Restructuring (Sareb) -the company that acquired a large part of the real estate assets of the rescued banks- and the financial entities mobilize a total of 12,000 new homes to be used for social rental, an amount which is added to the 14,000 contributed so far.
“We consider it urgent to renew the public rental park“
“Today we are taking a very important, decisive step. We consider it urgent to renew the public rental park and we are going to make it easier for large holders to make part of their portfolio available to people in vulnerable situations,” said the Chief Executive Officer this Wednesday. Pedro Sánchez, who has also confirmed that a total of € 1 billion will be allocated from European funds for the Affordable Rental Housing Plan.
The objective of it, he said, is tackling rental market disruptions in some stressed areas, “where the shortage of housing and the rise in prices make it difficult for many people to access it”, and ensure that the public park in hot spots is around 24,000 homes.
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10,000 new from Sareb and 2,000 from the bank
The agreement signed this Wednesday with Sareb includes making a total of 5,000 new homes available to the autonomous communities and local entities in the short term, with the aim of serving the groups most affected by the pandemic, and another 5,000 in the medium and long term. It will be the Ministry of Transport who partially assumes the costs of the transfer and of the rehabilitation and conditioning works necessary to guarantee the habitability of the homes.
Currently, the autonomous communities and town councils have 5,000 Sareb homes at their disposal, so the total number would rise to 15,000 properties.
On the other hand, the Government and financial entities have agreed to extend until January 2022 the Social Housing Fund for vulnerable families, created by the Government of Mariano Rajoy, and expand its endowment by 10%. The mechanism, which currently has 9,000 floors, This will increase with 2,000 new homes under social rent, with what from now will be 11,000.
“Financial entities will provide housing of their property at reduced prices for families who have lost their home due to non-payment of the mortgage or as a result of a dation in payment, “the president stressed. In this case, the extension has been agreed by the Government with the Spanish Banking Association, the Spanish Confederation of Savings Banks, and the National Union of Credit Cooperatives , the Spanish Mortgage Association, the Bank of Spain and the Third Sector Platform.
The event was also attended by the Third Vice President and Minister of Economic Affairs and Digitization, Nadia Calviño; the Minister of Transport, Mobility and Urban Agenda, José Luis Ábalos, and the president of Sareb, Jaime Echegoyen.
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