Spanish credit institutions have today contributed to the Social Housing Fund (FSV) a further 3,974 additional homes for people who are unable to meet their mortgage payments.
With this new contribution, the banks, savings banks and credit cooperatives, members of the Spanish Banking Association (AEB), CECA and the National Union of Credit Cooperatives (Unacc), will have made available to the FSV a total of 9,866 homes to be rented at reduced prices to families in situations of particular need.
The addition of 3,974 new units has been reflected in the text of the Social Housing Fund Agreement, the renewal of which was signed today by representatives of the Administration, the Third Sector, and the entities and associations mentioned above.
The aim of this renewal, promoted by the Ministry of Economy and Competitiveness, is to facilitate access to homes in this Fund for those families who have lost their home through a mortgage foreclosure process after 1 January 2008 and who are in a situation of particular vulnerability.
The FSV agreement has incorporated other new features, such as more flexible requirements for access to housing and changes to the allocation procedure, all with the aim of increasing the number of potential beneficiaries and covering a broader range of situations requiring a solution from all the institutions involved.
In addition, in recent years credit institutions have been rolling out a wide range of initiatives to help those families who have, or have had, difficulties meeting their mortgage debt payments, with the main objective of enabling families to keep ownership of their homes or, if they have lost their home through a mortgage foreclosure process, finding a solution to help families affected by this situation.
In addition, most institutions run specific programmes to facilitate access to housing for the most disadvantaged groups and offer job-search, training and social assistance programmes.
