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Affordable rental housing development in Las Rozas (Madrid) financed by ICO

Project

The project aims to develop 142 affordable rental housing units in Las Rozas (Madrid), contributing to improved access to housing and supporting social cohesion. The development includes low-rise residential buildings with energy-efficient design, offering two-bedroom apartments with associated parking and storage facilities.

The project is financed through the ICO line under the Recovery and Resilience Facility, which supports the construction and rehabilitation of energy-efficient housing for social or affordable rental purposes. The financing is backed by a public guarantee from the Ministry of Housing and Urban Agenda, covering 50% of the operation.

The project is currently under implementation and forms part of a broader strategy to expand affordable housing supply, promote sustainable construction and facilitate access to housing for households in need.

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