Cooperation Agreement for Public Housing in the Canary Islands

Overview

The Canary Islands' regional government has officially published a cooperation agreement involving:

• The Institute of Canary Housing
• Tenerife's Insular Council
• The municipality of La Victoria de Acentejo

to construct 21 protected public housing units.

Objectives

This initiative aims to:

• Address the local housing shortage
• Provide affordable rental homes
• Respond to economic pressures affecting access to quality housing

Project Details

• Involves the purchase of land, demolition of inappropriately built structures, and construction of new homes designed to meet social needs.

Funding

• Funded jointly by:
  • Institute of Canary Housing
  • Tenerife's Insular Council
  • Local municipality
• Total budget exceeds 4.4 million euros, with a significant portion contributed by the regional government.

Roles and Procedures

The agreement outlines:

• Roles of each party
• Technical procedures
• Timelines, including completion of construction and urbanization works by June 2027.

Future Use and Policy Goals

Once completed, the homes will belong to the Canary Housing Institute and will form part of its public housing stock, dedicated to fostering more accessible rental options.

This collaboration exemplifies regional efforts to:

• Combat housing inequality
• Renew community living options on Tenerife
• Highlight ongoing policies aimed at expanding affordable housing in the Canary Islands.