The Prime Minister, António Costa, said this Monday, April 4, the Financial Stability Fund Social Security will invest EUR 1,400 million in assets recovery, to stimulate the housing arredamento the affordable.
Antonio Costa was speaking at the opening session of the “Week Rehabilitation Lisbon Urban” initiative ends on Sunday, after the president’s speech of the Portuguese Construction Confederation and Real Estate, Reis Campos, and the mayor of Lisbon, Fernando Medina.
“we believe that our focus on urban rehabilitation must have a strong component of promotion of housing for affordable rent, in order to reach a significant number of the population today is excluded from housing market for financial reasons.
to create this new income segment accessible on the market, the government will own invest through the Financial Stability Social Security about 1400 million in assets recovery, extending the Social Security funding sources, “said Antonio Costa.
in his speech, the prime minister also said that the executive will “provide a wide range of public support to capture the private adherents interest, engaging affordable rental values, for profit, but below market price and framed with the average household income. “
” rehabilitation intended, the lease will also be the object of the program ‘Rehabilitate for rent’ – a program that has an initial allocation of 50 million euros, with the financial support of the European Investment Bank and the Council’s Development Bank Europe, and it will finance the rehabilitation of buildings for housing, “also said the leader of the executive.
Another measure, according to António Costa, is intended to support rehabilitation, with a view to promoting energy efficiency of the building stock.
“it’s the Financial Instrument for the Rehabilitation and Urban Revitalization, created under the Portugal 2020, which aims to finance private owners of regeneration projects in buildings for housing, economic activities or collective use equipment in historic centers , riparian areas or brownfield sites, “he said.
In this regard, the Prime Minister stated that it intends to implement also “other financing instruments, such as the Plan strategic urban Development – that will contractually with local investment authorities that focus on sustainable urban mobility and urban regeneration, especially associated with disadvantaged communities or the Efficient House Program – which aims to create a subsidized loan, under the Juncker Plan for the improvement of the property an energy efficiency perspective, through interventions on the facades, roofs, doors and windows of buildings or installation of more efficient equipment (such as solar panels). “
According to the Prime Minister, with only a “new generation of rehabilitation policies and housing” is able to give “a new impetus to the revaluation of our cities and overcome serious structural problems that have hindered our urban areas. “
In his speech, Antonio Costa moved away from the new construction of model, argued that urban regeneration must stop being regarded as “exception” and spoke of the social consequences of the financial rescue period to which Portugal has been subject.
“of the last years of austerity policies have caused many families would no longer be able to ensure the payment of their mortgage loans or begin to have difficulty ensuring payment services essential as water, gas or electricity, which is itself a housing shortage. The government will not turn its back on these people, “further stated the leader of the executive.
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