Social housing

In 2013, Sareb created a social housing assignment programme for use by the Public Administration, since this is the institution responsible for housing and addressing cases of vulnerable groups with the support of social services. The pool of apartments reserved for this purpose stands at 15,000 units.

These are properties assigned to autonomous communities, town councils and the Ministry of Transport, Mobility and Urban Agenda in order to act in situations of social emergency and facilitate affordable rental properties. Therefore, we not only work to fulfil our mandate of divesting assets and amortising the Government-backed debt, as we also contribute to increasing the pool of public social housing in Spain.

Sareb and its commitment to social housing

Since our formation, we assumed an active role in the assignment of social housing. During an initial stage, we created numerous agreements with regional governments and major local corporations, with whom we managed to create a social pool of around 2,000 assigned houses. In 2015, we increased this figure to 4,000.

In 2020, we steadily continued towards an even greater social contribution in the area of housing, with a much more ambitious property assignment strategy. During this new phase, we have reached out at a more local level, to tackle the housing problem from its more immediate aspect and because we have established that this is the most effective route.

In February 2021, Sareb made another 5,000 properties available to the administrations to be used for affordable rental properties, after signing a protocol together with the Ministry of Transport, Mobility and Urban Agenda.

This means we have directly collaborated with the Public Administration to increase the number of social housing dwellings to 15,000.

Social housing through collaboration agreements with autonomous communities

We have assigned a total of 1,679 social housing dwellings through collaboration agreements with nine autonomous communities:

Autonomous communityHouses
Andalucía400
Cantabria40
Canarias50
Castilla y León100
Comunidad Valenciana30
Cataluña930
Extremadura45
Galicia50
La Rioja34

Social housing through collaboration agreements with town councils

We have assigned a total of 1,172 social housing dwellings through collaboration agreements with 28 town councils:

CouncilHousesCouncilHousesCouncilHouses
Almoradí15Granollers17Sant Jaume d’Enveja5
Archena5L’Ametlla del Vallés35Sant Joan Les Fonts6
Barcelona200L’Hospitalet de Llobregat50Sant Sadurní d’Anoia4
Calafell58La Pobla de Vallbona4Santa Coloma de Gramanet220
Canet de Mar10Madrid300Santander6
Cardedeu1Málaga6Sevilla15
Concello de Miño12Sabadell80Torrent16
Córdoba17Sagunto25Villafranca del Penedès15
Elche7San Sebastián de los Reyes9
Gandía25Sant Feliú de Guíxols9

What is Sareb’s social housing programme?

With this initiative, Sareb cooperates with local administrations to alleviate exceptional situations involving different groups, by means of the temporary assignment of property usufruct rights.

Social housing sold to the Public Administration

In order for the social contribution to be extended over time, we have not only renewed the property assignment agreements, in some cases, we have offered different administrations the possibility of acquiring these properties under advantageous conditions, so these can be definitively included in their pool of public housing dwellings. To date, we have sold a total of 212 properties to the administrations.

Public AdministrationHouses
Madrid98
Castilla y León17
Canarias11
Badalona2
País Vasco9
Comunidad Valenciana75

Alternative affordable rents: Sareb’s social rental programme

As well as the agreements with the Public Administration, if we identify a vulnerability case in any of our properties, we always inform the relevant town councils and social services.

We work in coordination with public officials to identified possible cases of people at risk of social exclusion and, if this is the case, we offer them the possibility of renting the property they are living or an alternative one through the social rental programme as a solution.