en.Wedoany.com Reported - The Catalan public promotional bank, through the Catalan Finance Institute, has provided €46.7 million in financing to the Barcelona Metropolitan Housing Company for the construction of four batches of affordable rental housing in Barcelona, Spain. The Barcelona Metropolitan Housing Company is the affordable rental housing operator for the metropolitan area.
The financed affordable rental housing projects are located in Sagrera (104 units), Sant Andreu (108 units), and Verneda de Mar (56 and 63 units). These projects are supported by the Government of Catalonia through the "50,000 Homes Plan," which provides an interest rate subsidy of up to 1.5 percentage points over 20 years. The Barcelona Metropolitan Housing Company aims to develop 4,500 public housing units in the metropolitan area over the next five years, with a strategy that envisions a balanced distribution: 50% located in Barcelona and the remainder in surrounding municipalities.
The Barcelona Metropolitan Housing Company is a mixed-ownership company formed by the Barcelona Metropolitan Area, the Barcelona City Council, and NICRENT Residencial, which is co-invested by Neinor Homes and Cevasa. This model increases the supply of affordable rental housing by maintaining public ownership of the land.
In addition to the projects in Barcelona, the Barcelona Metropolitan Housing Company is also advancing new affordable rental housing construction in the metropolitan area, including 58 and 71 units in Montgat and 56 units in Sant Adrià de Besòs.
Since 2018, the Catalan Finance Institute has helped create 5,581 social rental housing units in Catalonia, with cumulative financing of €516 million for the construction and acquisition of affordable housing. This €46.7 million financing further expands the stock of public affordable rental housing.
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