València (EFE).- Sareb and the Generalitat are negotiating the purchase and sale of 500 social homes for social rental for an amount of 50 million euros in an operation that would have a first phase in April and that will be the first of this magnitude for the partnership with a public administration.
The Sareb homes that in principle will form part of this agreement have already been identified and the Generalitat Valenciana is visiting each property to check their condition, according to the company in a statement.
The sale to increase the social housing stock of the Valencian Community will take place in several phases and it is expected that the initial acquisition of 335 homes will be formalized in April for an amount of 31 million euros, and the rest at later dates.
First operation of this size: 500 social housing
This will be the first sale transaction to a public administration of this magnitude and Sareb hopes that this agreement can be extended to other Autonomous Communities and in this way continue to apply the principle of sustainability and social utility and, at the same time, advance in the generation of income to repay your debt.
With this objective, Sareb works in coordination with various public administrations to assess their needs and identify the assets that can be made available through purchase and sale operations to increase public housing stocks for social rental.
On the other hand, it continues to advance in its management model for vulnerable families that currently reside in their homes, favoring their participation in socioeconomic support programs to overcome the situation of exclusion in which they find themselves, indicates the society.
Sareb’s commitment is to proceed with the liquidation of the properties and loans acquired before November 2027. 50.14% of Sareb’s capital belongs to the State, through the FROB.