Government Allocates Eight Billion Euros For Affordable Housing

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Abalos
Minister of Transport, Mobility and Urban Agenda, Jose Luis Abalos. Image: La Moncloa

The Spanish government will allocate eight billion euros to ensure access to affordable housing for young people and low-income families, it was announced today.

The Minister of Transport, Mobility and Urban Agenda, Jose Luis Abalos, said the funds will be mobilised for housing from the State Housing Plan along with funds from the European Union’s Reconstruction Plan.

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Speaking in parliament on May 26, the minister said the government would regulate housing policies as a “public service of general interest, promote the development of stable public housing parks, reinforce the right of a decent housing at an affordable price, as well as promoting regulation that limits increases in rental prices in certain particularly stressed areas.”

Some measures have already been implemented, he said, including the Affordable Rental Housing Plan, whose objective is to increase the stock of affordable and social rental housing by 100,000 homes; up to 44,000 rental homes at affordable or social prices for people with limited incomes including young people; and up to 56,000 homes through a Social Housing Fund.

The minister also highlighted measures promoted to alleviate or reduce the financial burden on young people such as the rental aid programme, with aid of up to 600 or 900 euros per month in certain areas.



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Deirdre Tynan is an award-winning journalist who enjoys bringing the best in news reporting to Spain’s largest English-language newspaper, Euro Weekly News. She has previously worked at The Mirror, Ireland on Sunday and for news agencies, media outlets and international organisations in America, Europe and Asia. A huge fan of British politics and newspapers, Deirdre is equally fascinated by the political scene in Madrid and Sevilla. She moved to Spain in 2018 and is based in Jaen.

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