Figueira da Foz to build affordable housing with state backing
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The Figueira da Foz city council in Portugal plans to finish 100 affordable homes by the end of the year as part of the Recovery and Resilience Plan.
Vice-President Olga Brás announced the progress to reporters after a council meeting. The city is investing around 24 million euros in this housing project. Beyond the initial 100 homes, the council secured funding from the European Investment Bank, through a Portuguese state loan, for 70 more homes.
These additional houses will be built over the next year with an investment of approximately five million euros. The Figueira da Foz municipality will also move funding for the construction of health centers in Tavarede and Maiorca to the European Investment Bank. This allows the projects to continue after the Recovery and Resilience Plan concluded in August.
