Sat. Sep 30th, 2023
    Madrid Government Fulfilling Promise of Affordable Housing

    The President of the Community of Madrid, Isabel Díaz Ayuso, has fulfilled one of her electoral promises by promoting the construction of affordable housing in the region. The objective is to reach a total of 50,000 new homes, of which one-fourth will be directly promoted by the regional government.

    So far, 14 public housing units have been delivered in Berzosa de Lozoya and Robregordo, two towns located in the Sierra Norte area of Madrid. These homes will be offered at an affordable price to families in order to encourage population growth in rural areas and combat rural depopulation.

    In Berzosa de Lozoya, 10 single-family homes with storage rooms and garages have been delivered. They range in size from 58 to 92 square meters of usable space, with seven homes having three bedrooms and the remaining three having two. In Robregordo, four homes ranging from 64 to 79 square meters of usable space have been delivered, with two having two bedrooms and the other two having three. The monthly rent for these homes ranges from 290 to 422 euros in Berzosa de Lozoya and from 249 to 307 euros in Robregordo.

    To carry out these projects, the Community of Madrid has established agreements with the municipalities and the Public Agency for Social Housing, which is responsible for building affordable rental properties. These new homes add to the 23 already delivered by the Community in this region over the past year.

    The regional government has also committed to providing access to housing for young people and vulnerable families. It is expected that 1,600 new social housing units will be built in the Community of Madrid.

    Furthermore, the Community of Madrid has the “Plan Alquila,” a program that connects property owners with potential tenants. Since its establishment in 2008, more than 100,000 rental contracts have been signed, providing homes for over 165,000 residents in the region. In the past two years, there has been a significant increase in the participation of young people under the age of 35, who represent 55% of the currently signed contracts. This is due to favorable measures approved by the government, such as a two-year rental guarantee and exemption from the associated fee for tenants under the age of 35.

    – [Source 1]
    – [Source 2]