Housing for all

Linda Hall

SPAIN’S government will use European funds to finance 43,000 new homes for use as social housing at reasonable rents. This will add up to a total of 93,000 properties when taking into account an additional 50,000 properties which now belong to Sareb, Spain’s ‘bad bank’.

Speaking in parliament on April 19, Pedro Sanchez, president of the Spanish government, explained that some of the properties would be newbuilds while others would be renovated.

The cost would be covered by €4 billion in EU funding which will be made available through Spain’s Official Credit Institute (ICO).

“Public and private develop­