The Community of Madrid promotes a new law to build 18,000 protected homes

The initiative seeks to facilitate access to affordable housing for young people and families, reducing construction times and increasing supply.

Generic image of construction blueprints and tools, symbolizing housing development.
IA

Generic image of construction blueprints and tools, symbolizing housing development.

The Government of the Community of Madrid will approve this week a new Urgent Measures Law for Protected Housing, aiming to build 18,000 new homes and reduce construction times to facilitate access to affordable housing.

This initiative seeks to increase the supply of protected housing and adjust the pace of construction to current demand. Incentives will be implemented to boost building capacity without consuming new land, allowing for an increase of up to 30% in density and 20% in building volume, according to sources from the regional Executive.
The measure is part of one of the priorities established since 2019 by the regional Government: to facilitate access to housing in the region. Since then, the Community of Madrid has led the construction of public housing in Spain, contributing more than 40% of the total built in the country.
Furthermore, the regional Government has already delivered more than 5,300 homes from the Plan Vive for affordable rent and plans to add another 3,200 new homes in ongoing developments this year, with the goal of reaching 14,000 new homes by 2027. Since 2019, 14 tax reductions have been approved to facilitate access to housing, especially for those under 25 years old.
Another highlighted measure is the extension of the age limit for accessing mortgage guarantees, from 40 to 50 years. The Community of Madrid has also been a pioneer in the legal change to convert offices into affordable rental housing, adding 8,000 new homes to the market. The Mi Primera Vivienda program has increased the maximum subsidized amount to 425,000 euros to benefit more people with 100% mortgages. By 2026, public investment in social housing will increase by 24%, aiming to deliver more than 700 homes to vulnerable families.
The Community of Madrid has also approved the construction of protected housing on privately owned plots, changing the land use for this type of housing, and has approved new housing aid for large and single-parent families.

"What they intend is to have more housing available to the people of Madrid, by expanding building capacity and with other measures to reduce bureaucratic burden."

a regional government councilor

"And therefore, to allow procedures to be streamlined so that there is more housing at a time when citizens demand it from all administrations."

a regional government councilor