The new Public Housing Plan 2022-2025 sets medium and long-term objectives to increase the number of homes in Spain, especially social contracting and affordable prices. In this new blog post, we’ll take a look at the main issues addressed by this support program and point out who will be able to take advantage of the grants.
The Official State Gazette (BOE) published Royal Decree 42/2022 dated January 18, which regulates the Public Housing Affordability Plan 2022-2025. After making changes to the 2018-2021 Housing Plan, the programs were geared towards the rental market (as opposed to real estate), as well as increasing the stock of public housing.
What is the objective of the State Housing Plan 2022-2025?
The objective of this program is to increase the number of public housing offers and to establish aid in the purchase of up to 60% of housing by state administrations, their subsidiaries or subordinate organizations up to 60% of the cost. This applies to housing for the purpose of directly replenishing the state housing fund.
Organizations in this category will be able to receive up to EUR 700 per m2, but not more than 50% of the costs or EUR 50,000 euros for each property. The rent cannot exceed 10 euros per m2 and will be calculated for at least 20 years for elderly or disabled people with incomes below five minimum wages. In addition, the Housing Plan includes a program to provide some 15,000 SAREB apartments for social and affordable rental.
What are the benefits of the State Housing Plan 2022-2025?
In addition to the preference for the coexistence model and other new ways in which public spaces receive a larger surface than private spaces. They can get up to €420 per m2, but not more than 50% of the cost, and up to €50,000 per dwelling, which will be rented at a price of no more than €8 per m2 to people earning less than five times the minimum wage.
These are the conditions of the State Plan
The subsidy is granted so that any private entity can provide affordable or social rental housing to autonomous communities and municipalities. The facilities will be provided for a period of at least 7 years on the condition that the regions and municipalities rent them at a price not exceeding 400 euros per month to people with incomes not exceeding five minimum wages.