- The FSV has 6,000 homes with reduced rent from which 1,465 families have benefited so far
The Social Housing Fund (FSV) has been extended for one more year, until January 17, 2016, as agreed by the signatories of the agreement for its creation. The FSV was launched two years ago with 6,000 homes contributed by financial institutions to assist vulnerable families due to the crisis through reduced rents (between 150 and 400 euros per month, with a maximum limit of 30% of the income of the family unit). To date, 1,465 families have been welcomed.
The FSV was launched on January 17, 2013 through an agreement between the Ministries of Economy and Competitiveness, Health, Social Services and Equality and Development, the country's main credit institutions and their associations, the FEMP and the third sector platform . The agreement expired two years after it was signed, that is, on January 17. The FSV is one of the measures, along with the Code of Good Practice and the moratorium on evictions, that the Government has implemented and from which together 30,000 families have benefited.
In May 2014, it was agreed to broaden the scope of the Fund to accommodate a greater number of families especially affected by the crisis and unable to cope with rent payments on a market basis. A total of 1,465 families have accessed homes contributed by the 33 participating financial entities.
Those who have been evicted from their habitual residence after January 1, 2008 as a result of a demand for foreclosure for non-payment of a mortgage loan can benefit from the FSV. They must meet a series of financial requirements. Specifically, that the total monthly income of the family unit does not exceed the limit of three times the Public Indicator of Multiple Effects Income (€ 1,597 under the current IPREM); and that none of the members of the family unit has owned housing.
In addition, they must meet other requirements such as being a large family; have minors in charge; have someone disabled; that the debtor is unemployed and has exhausted benefits; victims of gender violence; older people, early retirees or retirees, who have guaranteed their children or grandchildren with their home; and all those people or family units with circumstances of social vulnerability different from the previous ones for which the house is, according to the report of the competent social services, an indispensable asset for the maintenance of their social inclusion.
