The announcement was made by Álvaro González, delegate for Housing Policies and president of EMVS Madrid, during a visit to the Olivos 3 and Olivos 4 developments, accompanied by the councilor for Latina, Alberto González. These two latest developments join the previously built Olivos 1 and Olivos 2, consolidating the public housing stock and contributing to the revitalization of one of the capital's oldest neighborhoods.

With the completion of Olivos 3 and Olivos 4, EMVS Madrid concludes its operations in Colonia de Los Olivos. In total, the municipal company has built 53 homes in Olivos 1, 87 in Olivos 2, 19 in Olivos 3, and 48 in Olivos 4. This project has boosted the neighborhood's renewal, improving residents' living conditions and revitalizing the area's social and economic activity.

EMVS Madrid's intervention has not been limited to constructing new homes but has encompassed comprehensive urban regeneration. Following the demolition of old buildings, the environment has been transformed, improving accessibility and green areas, while strengthening security and reactivating the neighborhood's social and economic life, with the aim of optimizing habitability and residential quality of life for residents.

Colonia de Los Olivos, founded in 1947 by the Directorate of Devastated Regions, was designed to house the rural population arriving in the city. The deterioration of the original properties led to their demolition and a four-phase remodeling process, which now culminates with the Olivos 3 and Olivos 4 developments, located on San Fulgencio and San Timoteo streets.

The 19 homes in Olivos 3 include one adapted for people with reduced mobility, with two, three, and four-bedroom options. Meanwhile, Olivos 4 offers 48 homes, two of which are adapted on the ground floor, with configurations from one to four bedrooms. Future tenants of these developments will not pay more than 30% of their household income for rent.

The investment in Olivos 3, exceeding 5 million euros (5,119,444 euros), has been entirely municipal. For Olivos 4, the economic allocation amounts to over 10 million euros (10,527,225 euros), of which 8,254,583 euros come from the Madrid City Council and 2,272,642 euros from the European Union's Next Generation funds, thanks to an agreement between the Ministry of Housing and Urban Agenda, the Community of Madrid, and the City Council.

All homes in Olivos 3 and Olivos 4 have an A energy efficiency certificate, thanks to features such as thermal insulation on the facade (SATE), lacquered aluminum exterior carpentry with thermal break and double glazing, aerothermal heating, and centralized underfloor heating and cooling. These measures ensure comfort and energy savings. Additionally, photovoltaic panels on the roofs ensure the electricity supply for the common areas of the building.

The Madrid City Council, through EMVS Madrid, positions itself as a national leader in affordable public rental housing, managing a portfolio of approximately 10,000 apartments. This figure places the capital at the top of the Spanish ranking, according to the Housing and Land Observatory of the Ministry of Housing and Urban Agenda. The municipal commitment is reinforced with over 5,700 new homes under development, consolidating EMVS Madrid as the main public housing developer in Spain.