The Government has closed a plan for the rental market that it will approve in the Council of Ministers on Tuesday, which foresees a line of microcredits guaranteed by the State, direct aid, and the suspension of evictions for six months once the state of alarm ends. in certain cases, with an expected mobilization of resources of around 700 million euros.It will prohibit evictions in rental housing during the six months after the end of the State of alarm and grant aid of up to 900 euros per month
The plan includes a line of microcredits guaranteed by the State of about 100 million euros for those who have their apartment rented to individuals or small owners and a moratorium of up to four months in the payment of rent for tenants of large homeowners.
As reported by Europa Press sources from the Executive, any unemployed person, affected by an ERTE, reduction of working hours or self-employed who does not reach the limit of three times the IPREM (increased by children and dependent people in charge), may avail of the programs microcredit.
This program enabled by the Official Credit Institute (ICO) will provide credits with no interest cost or commissions that can be repaid in six years. If after these six years they have not been returned, an additional term of four more years will be enabled. Those households that cannot afford to pay the microcredits will have direct state aid to pay off their debt with the ICO.
The amount of the aid may be up to a maximum amount of 900 euros per month and up to 100% of the principal, and interest on the loan, and 200 euros per month to cover maintenance, community and basic supplies expenses with the limit 100% of them.
The plan establishes the possibility of having a four-month moratorium on the payment of rent to tenants of flats owned by large holders of rental housing whose economic situation is affected by the current crisis. These tenants will benefit from either a 50% debt relief or a restructuring of the debt in two or three years, and they can always avail themselves of the ICO credit lines.
All eviction processes in vulnerable homes without housing alternatives are paralyzed for a period of six months from the end of the state of alarm. Likewise, the proposal establishes an automatic six-month extension for all rental contracts whose validity ends coinciding with the alarm period.
The Government’s plan for rent contemplates a third assumption, that of those people who are not only affected by the crisis, but who are in a “ruinous” situation. In these cases, part of the funds of the Housing Plan will be enabled. In this way, as indicated to Europa Press by those sources familiar with the proposal, the sum of all measures and initiatives will involve the mobilization of funds amounting to about 700 million euros to support those who face difficulties in meeting the monthly payment. rent for the current situation.
With this package of measures that the Government will approve tomorrow, it is intended to respond to the demands in this regard raised after the first package of financial aid already included aid for the payment of mortgages.
In Spain, the rental market is completely atomized, given that the bulk of the offer comes from private owners, although in recent years it has begun to professionalize due to the proliferation of socimis.
As for the remaining 5% of the market that is in the hands of companies and funds, the main owners of flats are the US fund Blackstone, with some 20,000 assets through different socimis, and later firms such as the Azora group, with about 7,000 flats , and socimis like Témpore, the one in which Sareb participates, with just under 3,000.