The Government Sets Aside €1.2 Billion for Tenants who Cannot Afford to Pay the Rent

16 April 2020 –

The aid plan for tenants designed by the Ministry for Transport, Mobility and the Urban Agenda will support 450,000 tenants with €1.2 billion.

The Government will enable a line of credits up to a maximum of €1.2 billion, guaranteed by the State, for those tenants who cannot afford to pay the rent on their homes due to economic difficulties resulting from the current health crisis and State of Emergency, according to reports by Europa Press.

That is the spending increase that the Council of Ministers approved for the Ministry of Transport, Mobility and the Urban Agenda on 14 April. That Department will guarantee loans through the ICO in a scheme that is estimated may benefit around 450,000 tenants.

Original Story:

Translation/Summary: Carmel Drake