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New affordable homes in Madrid broaden access for middle-income families
Madrid changes course in its housing policy by opening affordable rentals to middle incomes. Madrid City Council launches the Iberia Loreto 1 development in Barajas, with 52 homes to be allocated by draw.
The main new feature is the increase in the income limit. Until now, access was restricted to lower-income profiles, but the new model allows households with income of up to 5.5 times the IPREM to take part, including many families that had been left outside the system.
The project, promoted by Madrid’s Municipal Housing and Land Company, offers two- and three-bedroom flats, with parking spaces, storage rooms and industrialised construction solutions that have reduced building times.
To gain access, it will be necessary to meet age, income and registration requirements in the city. Registration will take place online and the draw is planned for June.
The initiative seeks to fill the gap between traditional public housing and the private market, expanding access options in the city.
This change may open new opportunities for families that until now could not access public housing. It may also influence the rental market by offering more alternatives in certain price ranges. In the medium term, this model could extend to other districts.