The Community of Madrid has provisionally awarded the first three lots of the first phase of the Plan Vive, which will involve the construction of 5,406 public housing units – for rent at an affordable price – on 35 plots spread over ten municipalities in the region, with an investment of 700 million euros.
The Minister of the Environment, Housing and Agriculture of the Madrid Executive, Paloma Martín, stressed that from the Community of Madrid “we are committed to facilitating access to affordable housing through different measures.” “The Live Plan is a clear example of this and one of the most ambitious rental projects in Europe,” he stressed.
The permanent contracting table, meeting yesterday, analyzed the economic offers and the financial model presented by the two bidders, Dorsono Investments SL and Saturn Holdco SA Next, the technicians formulated the proposal for the provisional award of the public land concession for 50 years according to the evaluation and weighting of the criteria contemplated in the specifications, submitting it, together with the minutes of the proceedings and the technical reports, to the granting body.
In the first place, the board proposed the provisional concession to Dorsono Investments SL of lots 1 and 2. Lot 1 adds a maximum of 1,769 homes spread over eleven plots located in the municipalities of Madrid, Torrelodones, Alcalá de Henares, Colmenar Viejo and Getafe. Lot 2 represents a maximum of 1,874 homes distributed in twelve plots located in Madrid, San Sebastián de los Reyes, Tres Cantos, Torrejón de Ardoz, Móstoles and Alcorcón.
Secondly, the table raised the provisional concession to Saturn Holdco SA of lot 3. It involves the construction of a maximum of 1,763 homes on 12 plots located in the municipalities of San Sebastián de los Reyes, Tres Cantos, Alcorcón, Alcalá de Henares and Getafe.
More measures for access to housing
In addition to Plan Vive, the regional government develops other actions in this matter, such as My First Home, an aid program for those people who, being solvent, do not have enough savings to pay for the entry of their first property. In this case, the Community of Madrid will provide up to 20% of the value of the home.
Likewise, the Young Rent Plan is a program that was born in 2008 with the aim of improving the conditions of access to the rental market for young people under 35 years of age, at the same time as improving the legal security of tenants in situations of non-payment or incorrect uses of the houses.
It allows landlords who sign these rental contracts to benefit from a non-payment of rent insurance for two years, in addition to having legal assistance, through the Intermediation Program of the Rent Plan, with all the guarantees that it entails.
Along with this, the Community of Madrid is also going to expand the park of protected housing, with 1,741 additional properties, and convert commercial premises of the Social Housing Agency into housing for vulnerable groups.