Canary Islands Government Updates on Strategic Housing Grant Plan 2024-2026

Key Highlights

• Announced a series of updates aiming to improve support for young renters and residents affected by La Palma’s volcanic eruption.
• The plan now includes a new subsidy line for direct rental assistance targeted at young people across all municipalities of the region.
• There is a dedicated fund sourced from both the national Ministry of Housing and local authorities.

Additional Support for Volcanic Eruption Victims

• The plan has been expanded to specifically address the needs of those impacted by La Palma’s volcano.
• An extra 500,000 euros has been allocated to aid volcanic eruption victims with rental payments.
• The funding aims to ease the housing crisis for residents displaced or struggling due to the natural disaster.

Prior Updates and Ongoing Support

• These modifications follow several updates earlier in the year, reflecting a sustained effort by local authorities to adapt housing support programs.
• The government emphasizes that these funds will remain available until the end of 2025, even if a new strategic plan is not approved by then.
• This ensures ongoing support for vulnerable groups.

Regional Commitment

• This move underlines the government’s commitment to:
  • Housing affordability
  • Disaster relief
  • Focus on young people and disaster-affected residents
• Vital for the region’s social stability and recovery efforts.

Quote

The government emphasizes that these funds will remain available until the end of 2025, even if a new strategic plan is not approved by then, ensuring ongoing support for vulnerable groups.