Alcorcón to Buy 40 Homes Annually for Rental Pool

The City Council aims to unblock the 'Plan Permuta' by acquiring participants' former homes for rehabilitation and rental.

Facade of a stone town hall with balcony and iron railings, afternoon light.
IA

Facade of a stone town hall with balcony and iron railings, afternoon light.

The Alcorcón City Council has announced a new measure to boost the historic 'Plan Permuta', which will allow the annual acquisition of approximately 40 homes from participants for their incorporation into the municipal rental pool after rehabilitation.

This initiative seeks to end the uncertainty surrounding participants of the 'Plan Permuta', a program over fifteen years old designed to offer accessible housing to the elderly in Alcorcón. Participants ceded their old homes, often with accessibility issues, to move into adapted apartments in the Ensanche Sur.
The situation became complicated after the disappearance of the municipal company EMGIASA in 2012. Although owners retained the cession of their properties, the City Council could not act on them as they were not the titleholders. Last year, the City Council recovered EMGIASA's assets and, thanks to a state decree, can now proceed with the purchase of these properties.
The proposal is voluntary for homeowners, who can decide whether to sell their old home to the City Council. The valuation will be carried out by an independent entity, based on market price and property characteristics, without accumulated deterioration affecting the appraisal. Those who choose not to sell will continue in the program under the same conditions.
Once acquired, the homes will be renovated to be integrated into the municipal rental pool, thus expanding the available public housing stock in Alcorcón. The goal is to complete the acquisition of around 40 homes before the end of the year, utilizing state funding.
The Mayor, Candelaria Testa, highlighted that this measure offers a dual opportunity: resolving the situation for the elderly participants of the 'Plan Permuta' and increasing the number of public housing units in the city.