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La Caixa’s Social Housing Stock Comprises 30,000 Homes

19 August 2015 – Expansión

La Caixa’s stock of social housing comprises 30,047 homes, located all over Spain. The entity’s first initiatives in the social housing sphere began ten years ago, and according to the President of CaixaBank, Isidro Fainé (pictured above), it is a line of business that he expects will increase.

“Our commitment to social housing, which is a clear example of our commitment to people, has proliferated in recent years and will continue to strengthen”, he said.

Through its programs ‘Alquiler Solidario’, ‘Alquiler Social’ and ‘Vivienda Asequible’, La Caixa makes 27,420 homes available to groups with fewer resources.

The ‘Vivienda Asequible’ (‘Affordable Housing’) initiative was launched in 2005 and facilitates access to new homes for young people, elderly people and families, who all pay rent that is substantially below market prices.

The ‘Alquiler Solidario’ (‘Subsidised Rental’) and ‘Alquiler Social’ (‘Social Housing Rental’) plans, which were launched four years ago, are targeted at groups at risk of social exclusion. The ‘Obra Social’ (or ‘Social Works’ program) finances half of those rental contracts, which range between €150 and €500 per month.

Social Housing Fund

Meanwhile, CaixaBank has allocated 2,627 homes to the Social Housing Fund to date. Its supply exceeds the amount assigned to it by the central Government (1,085 homes) by 142%, according to a statement issued by the entity yesterday.

Original story: Expansión (by D. C.)

Translation: Carmel Drake