The state's new investment fund will forgive up to 30% of the loan to affordable housing developers
La primera actuación de España Crece, articulada a través del ICO, arrancará el 1 de septiembre con el objetivo de desarrollar casas de alquiler a precio limitado
The Official Credit Institute (ICO) will open the period for requesting new loans for building affordable rental housing on September 1. The main novelty of the program is that part of this financing can be converted into a grant when the project is not profitable for investors with the required price limits for this type of housing.
This reduction can reach up to 30% of the loan, although its amount will be calculated on a case-by-case basis depending on the economic viability of each project. With this initiative, the Government intends to encourage investment in moderately priced housing in an attempt to impact the enormous access crisis that exists in Spain.
Translated by urgent.news. Machine-written — may contain errors; check the original before relying on it.
