New measure will allow the creation of an additional 33,000 houses for public housing.
A new measure was presented as the "largest ever investment in public housing", allowing the creation of more than 33,000 homes.
Government will reinforce public housing with an investment of over 4 million.
The Government announced an investment of 4.2 billion euros to strengthen the public housing supply, using funding from the PRR (1.4 billion euros) and the State Budget (2.8 billion euros).
According to an official statement, as reported on "Notícias ao Minuto", the Council of Ministers approved on March 7 a special financing regime within the framework of the 1st Right program - Housing Access Support, which enables this significant increase in public housing supply.
According to the Government, the applications submitted to the RE-C02-i01 Notice (Housing Access Support Program - PRR) by April 1, 2024 represented about 59,000 housing units. However, considering that the Recovery and Resilience Program (PRR) only provided for 26,000 houses, approximately 33,000 dwellings were initially left out of European funding.
With the now approved amendment to the 1st Right program, it will be possible to finance these housing units that had not been contemplated, ensuring a response to over 120,000 families in precarious housing situations, identified in the Local Housing Plans (ELH) of municipalities.
The houses that meet the technical criteria and are delivered to families by June 2026 will have 100% funding within the budget provided in Resolution of the Council of Ministers 129/2024.
In addition, when this budget is exhausted, the new scheme provides 60% financing for projects completed by December 2030.
This bet on strengthening public housing, integrated into the "Build Portugal" strategy , will allow the delivery of 59,000 houses by the end of the decade. It is the largest investment ever in the area, in a total amount of 4.2 billion euros, coming from the Recovery and Resilience Plan and the State Budget.
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