Spain 
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Greece 
IHRU to Invest €43 Million to Rehabilitate Affordable Homes
19 June 2020 – Portugal’s Institute for Housing and Urban Rehabilitation (IHRU) has budgeted seven million euros this year to begin rehabilitation works on 4,000 residences. The efforts are expected to last until 2023. Some difficulties have arisen, however, due to the governmental organ’s partial ownership of some buildings.
According to the IHRU’s president, Isabel Dias, “The IHRU owns 14,000 properties, 4,000 of which require complete rehabilitation, while the other 10,000 only require continued maintenance.” Many of those 10,000 have already undergone extensive renovations over the past few years.
The institute plans to invest a total of 43 million euros by 2023 as part of the government’s Economic and Social Stabilisation Plan (PEES), an effort to mitigate the downturn associated with the Covid-19 pandemic.
The Porta 65 Jovem programme is also currently helping 15,345 young people, providing €8.3 million in subsidies in the first four months of this year. The first application period, which ended on 25 May, saw 7,997 applicants submit requests for help. Of those, 4,587 were new applications, and 3,410 were renewals,” Ms Dias added.
Original Story: Diário Imobiliário / Lusa
Translation/Summary: Richard D. Turner