en.Wedoany.com Reported - The Community of Madrid is investing 7 million euros to convert vacant commercial premises in several municipalities into social housing for vulnerable families. The project involves over 70 commercial premises, with work including comprehensive renovation of the properties and improvements to accessibility and energy efficiency.

The regional government was informed of the contract award last week. The contract has an initial term of two years and is renewable. This initiative aims to recover currently unused public spaces, transforming them into habitable homes to increase housing supply and optimize the use of real estate assets managed by the Social Housing Agency (AVS).

The renovation plan includes comprehensive refurbishment of the selected properties, involving updates to basic installations such as plumbing, electrical, sanitation, and air conditioning. Additionally, interior areas will be reconfigured to adapt to new residential uses, ensuring optimal living conditions. The works will also improve accessibility and energy efficiency to comply with current regulations, with special attention to the needs of people with reduced mobility.

Through this contract, the Community of Madrid plans to convert vacant commercial premises into over 70 new social housing units. These actions will complement the 41 homes already renovated and the 14 currently under construction. The region expects to transform a total of approximately 150 spaces across several of its municipalities, including Madrid, Aranjuez, Valdemoro, and Alcalá de Henares.

The Social Housing Agency (AVS) manages over 50,000 properties distributed across 119 municipalities in the region, including nearly 25,000 homes, garages, commercial premises, and storage rooms. While expanding the public housing stock, the Community of Madrid continues a program for the conservation, maintenance, and renovation of properties managed by AVS, aimed at improving the quality, safety, and efficiency of existing assets. The conversion of vacant commercial premises into social housing is one of the measures announced in November with the publication of the 2026/27 Housing Emergency Plan.

This article is compiled by Wedoany. All AI citations must indicate the source as "Wedoany". If there is any infringement or other issues, please notify us promptly, and we will modify or delete it accordingly. Email: news@wedoany.com