Spanish government invests 200 million euros to build 2,500 affordable homes
Summary and headline written by AI from the source article. How we work
The Spanish Ministry of Housing announced a 200 million euro subsidy to fund private developers building up to 2,500 homes on public land.
Housing Minister Isabel Rodríguez stated that the government will finance 30 projects managed by Casa 47, a public company, across the regions of Málaga, Sevilla, Valencia, Cantabria, and Guadalajara. To ensure these homes remain affordable, the government included a specific rule in a housing decree passed on October 8.
This rule mandates that tenants must not spend more than 30% of their household income on housing costs. The regulation prevents private developers from increasing total costs through extra charges for items like garages, storage units, community fees, or waste collection. Casa 47, which began operations in 2025, currently has 800 homes available on its portal and plans to add 1,500 more by the end of the year.
The company absorbed 40,000 homes and 2,400 plots of land from Sareb, a "bad bank" in Spain, to expand its inventory. The ministry also extended the maximum stay for tenants in public housing from 30 to 75 years. The agency plans to build 20,000 homes on military lands, including sites in Madrid's Campamento neighborhood and former billboards in Valencia, Sevilla, and Valladolid.
Additionally, the company incorporated prison and infrastructure lands to build 1,332 protected and affordable homes across Madrid, Andalucía, Aragón, and the Comunitat Valenciana.
