Housing Sareb approves 6,000 social rentals in the first year of its Support Program

The Asset Management Company from Bank Restructuring (Sareb) has approved 6,000 social rentals in the first year of the ‘Social Rental and Support Program’, which it launched in the second half of 2022, as reported by the company.

These homes are part of the more than 13,300 that the company has transferred to the Directorate of Social and Affordable Housing and Institutional Relations. Likewise, nearly 2,000 are assigned to public administrations to be used for social rentals or housing emergencies and another 1,900 are being studied and could be used for social purposes, according to Europa Press.

From Sareb, they have stated that 3,400 homes have also been identified to be recovered because they are inhabited by people who are not vulnerable or who do not want to collaborate.

Thus, according to company data, some 28,000 vulnerable people reside in homes that Sareb owns if the homes transferred in agreements to public administrations are added to the social rentals.

The president of Sareb, Javier Torres, has highlighted the “relevant role” of the company in terms of social rentals through housing mediation and management, which has allowed society to sign 400 social rentals per month.

By territory, Catalonia is the autonomous community that concentrates the largest number of social rentals and homes to be recovered, with 7,011. The Community of Madrid follows far behind, with 2,433.

Of the homes that Sareb has in its social perimeter in Catalonia, 45% already have a signed social rental and 20% are transferred to public administrations for social uses.

In the case of the Community of Madrid, around 60% correspond to approved social rentals, to which are added 60 homes in collaboration agreements with the public administrations of this autonomous community.

The next community with the most social rentals and homes to be recovered is the Valencian Community (926). Andalusia follows (836); Asturias (326), the Region of Murcia (325) and Castilla-La Macha (308), all above 300.

“These figures are consistent with several factors. The first is the territorial distribution of assets that Sareb received in 2012 from 24 savings banks and their subsidiaries that were intervened by the Frob. But, in addition, they agree with the maps of stressed areas and with the housing situations that occur in Sareb homes in the different autonomous communities,” explained Sareb.