The has approved a 201 million euro subsidy package to develop affordable rental housing on public land owned by Casa 47. Following a royal decree by the , direct aid will finance thirty developments across , including Málaga and Sevilla.
This public-private collaboration aims to deliver 2,500 new homes in areas such as Valencia, Cantabria, and Guadalajara. Under the scheme, rental costs are capped at 30% of household income, with long-term contracts lasting for a duration of up to 75 years.
The initiative ensures that ownership of the houses remains public while providing permanently reduced rents. Drawing inspiration from the housing model used in Vienna, the intends to increase the national stock of affordable rental units.