The Basque Government announces a $144 million guarantee line to facilitate access to housing for young people
The President, Imanol Pradales, has announced that the Basque Governing Council will approve on 8 July a line of guarantees of EUR 144 million for the financing of mortgages for persons aged 18 to 39 who want to emancipate themselves and buy their first home.
The lehendakari has stated that "the Basque Government is implementing courageous housing policies from a comprehensive perspective, integrating supply promotion and demand management policies" with the aim of "achieving a fairer society; a Basque Country of the future in which those who are coming have opportunities to carry out an exciting life project".
On the tenth anniversary of the Basque Housing Act, Pradales has stated that "housing is one of the most important structural challenges of this decade "and that" it is a challenge that transcends theBasque borders, not solved with a magic formula baita because it is not there ".
"We have to deal with it with a broad, polyester look and act on every line at our disposal, knowing that it will take time and that we will not solve it only from the public sphere," he said.
He has stressed that "housing is a structural challenge that requires cooperation between institutions and the private sector, which will be addressed from a polyester and long-term perspective in order to achieve a fairer and more supportive Euskadi between generations".
For his part, the Housing and Urban Agenda Adviser, Denis Itxaso, has stressed that the Basque Government "has defined a road map withclear objectives and a clear frame of reference to meet the challenge of achieving decent housing ".
Among its priorities, it has cited "the establishment of a strategic land reserve, a raw material essential for the promotion and construction of housing" and recalled that "the land is mostly in the hands of municipalities".
It also stresses the need to have "a new regulation that speeds up urban planning", since "current times have been incompatible with people's lives and the inescapable need for housing".
Finally, it denounces the lack of regulation of the rental market and points out that "it is incomprehensible that strategic sectors such as energy are regulated and that the same does not happen with housing". In this regard, it stresses that "the application of strained areas has been a very useful tool for curbing price increases and ensuring affordable rent".
The Basque Government has advanced that persons between the ages of 18 and 39 who have lived in the Basque Country for at least two of the last five years and who, in the case of a single applicant, do not exceed EUR 50,400 per year, or EUR 86,400 if they are two applicants, will be eligible for these guarantees.
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