Catalonia will invest millions to renovate homes
Summary and headline written by AI from the source article. How we work
Catalunya will dedicate 255 million euros annually to rehabilitate degraded housing across the region.
The plan, agreed upon by PSC and ERC, also aims to recover many of the 448,000 vacant homes in the community. Around 60% of Catalonia’s residential buildings were constructed before 1980, and their age has created issues with habitability, safety, and energy efficiency in approximately 750,000 homes.
The “Pla Regenera” plan intends to address these problems by giving a second life to buildings needing comprehensive repair, in addition to constructing new housing. The government plans to allocate funds over the next three years, beginning with approval by the Consell Executiu. Municipalities without resources to access other Generalitat programs can utilize this funding, and those already receiving aid may also participate.
The plan will distribute 190 million euros from the government’s own funds and 65 million euros through the Institut Català de Finances. The largest portion of the funding, 75 million euros per year, will go towards comprehensive rehabilitation in vulnerable neighborhoods, with a focus on historic city centers. Another 50 million euros will support rehabilitations outside of these vulnerable areas, and 44 million euros will fund the acquisition of vacant or unfinished buildings, particularly in rural municipalities.
