We offer all the tools necessary for landing the full scope of business you really deserve.
Feel free to call us: +34 617 369 878

Sevilla’s Municipal Gov’t To Boost Social Housing Stock By 1,000 Over 3 Years

Posted by: In: Real Estate 05 Oct 2017 Comments: 0 Tags: , , , , , , , , , , ,
.

5 October 2017 – Emvisesa

Last week, the mayor of Sevilla, Juan Espadas, together with the delegate for Social Welfare and Employment, Juan Manuel Flores, and the manager of Emvisesa, Felipe Castro, presented the “Strategy for the urgent expansion of the public housing stock (for Sevilla)”, which is aimed at securing at least 1,000 extra homes for rent over the next three years.

These actions will be carried out immediately, whilst the new Municipal Housing Plan for 2018-2024 is being finalised (…).

“We find ourselves with a dismantled Housing Company and an abolished Housing Plan, without any alternatives. We have worked for two years to take different measures and now we are advancing with a housing strategy for Sevilla for the next eight or nine years”, explained the mayor of Sevilla, Juan Espadas.

In this way, the Housing Company, together with the department for Social Welfare and Employment and the Urban Planning team, has designed some immediate steps to expand the stock of public rental homes by 1,000 units over the next three years. This is expected to involve a global budget of around €100 million.

First of all, the Program will be developed through rental housing initiatives (the current tender will be strengthened) and house purchases (a new tender will be held soon). The hope is to obtain around 470 homes through this route.

Secondly, the envelopes for the tender of the Ramón Carande plot will be opened in October. The plan is to obtain resources, land and homes relating to 400 properties in this way in total.

Thirdly, properties owned by the Town Hall and land owned by the Municipal Land Company have been identified for the construction of 520 homes on land in the following areas: Sur, Torreblanca, Macarena, Norte and Carretera de Carmona. Almost all of these sites are available for construction work to be started in the short term.

Financing

To finance this whole operation, as well as resorting to typical bank loans, like for the construction of any other of housing development, the Town Hall of Sevilla is going to make contributions and 230 homes are going to be built, within the same Program, which will go up for sale.

In this way, although 1,215 homes will be constructed in total, 230 will be sold (whereby responding to the demand from 40% of the applicants on the public housing register) to contribute to the financing of the operation as a whole (…).

The strategy will be presented during the first half of October to Emvisesa’s Board of Directors; it will be enriched with any constructive and positive proposals presented; and it will be boosted to begin construction of the homes and the programs to acquire homes in the short term.

Original story: Emvisesa

Translation: Carmel Drake

The post Sevilla’s Municipal Gov’t To Boost Social Housing Stock By 1,000 Over 3 Years appeared first on Aura Real Estate Experts.

Source:: AURA Real Estate Experts

LinkedInFacebookTwitterGoogle+PinterestShare

Sorry, the comment form is closed at this time.