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Porto City Council and IHRU Reach Agreement to House 1,700 Families

23 October 2020 – A recent agreement between the Porto City Council and IHRU aims to rehouse 1,740 families, including approximately 3,800 people who are currently living in poor conditions, in the years between 2020 and 2025. According to an article in Porto.pt, the plan will include subletting homes to 75 families, the renovation of existing homes for 1,345 families, the construction of housing developments for 200 families, and the acquisition of degraded buildings or flats for rehabilitation to provide housing for a further 120 families.

The article added that the two entities would invest a total 56 million euros, including a €25-million grant and a €21-million long-term subsidised loan.

Original Story: Vida Imobiliária – Fernanda Cerqueira

Translation/Summary: Richard D. Turner