Interadministrative Agreement for Public Housing Expansion in Santa Cruz de Tenerife
Canary Islands Housing Cooperation Agreement
Overview
The Canary Islands government has approved a major cooperation agreement with the Santa Cruz de Tenerife City Council and the Tenerife Island Council to boost public housing. This deal aims to construct:
- 37 new affordable homes in MarĆa JimĆ©nez
- 226 in Cuevas Blancas
These projects are part of the 2020-2025 Housing Plan.
Objectives and Focus
The project highlights a joint effort to tackle the region's housing crisis, especially amid rising demand and limited public rental stock.
Roles and Financial Contributions
The agreement details the roles of each administration:
- The city council will handle land and urbanization costs.
- The Canary Islandsā Housing Institute (ICV) will finance most of the construction.
- Financial contributions include:
- The island council contributing ā¬6 million.
- The government providing an additional ā¬19 million over multiple years.
Project Details
- Cuevas Blancas represents a single, indivisible project.
- It requires a multiyear cooperation agreement to ensure financial viability and completion.
Management and Goals
Once finished, the homes will be transferred to the ICV for management and allocation, helping to address housing shortages for families with limited resources.
Broader Policy Alignment
This partnership exemplifies coordinated effort across public administrations to ensure the region's residents access affordable, quality housing, aligning with broader policy goals to promote social equity and urban development.