• More than 9,500 families have had access to reduced rent since FSV was launched five years ago

The Social Housing Fund (FSV) has been extended for one more year, until January 17, 2019. This is the fourth extension of this fund, which was launched in January 2013 with 6,000 homes contributed by the entities funds to give access to families vulnerable to the crisis through reduced rents (between 150 and 400 euros per month). Currently, the FSV has almost 9,900 homes, of which more than 9,500 rental contracts have been signed as of September last year.

The FSV is part of the group of measures to alleviate the problem of evictions, along with the Code of Good Practice and the moratorium on foreclosures, launched by the Government in 2012. These three initiatives have benefited up to the dates almost 90,000 families. As a consequence of these actions, but above all, thanks to the recovery of the economy, there has been an 84% drop in the number of foreclosures in the third quarter of 2017, compared to the most critical moment, in the second quarter of 2014.

The FSV can be accessed by natural persons who have lost their habitual residence after December 31, 2007 and who, at the time of applying for the dwelling, family income does not exceed the limit of three times the Multiple Effects Public Income Indicator (Currently, 7,519.59 euros a year in 14 payments), or have another home owned or in usufruct. In addition, they must be in one of the following cases of special vulnerability:

  1. Family unit with minor children
  2. Single-parent family unit with two or more dependent children
  3. Family unit in which any of its members has declared a disability greater than 33%, a situation of dependency or illness that renders them incapacitated
  4. Family unit in which the mortgage debtor who has lost his home is unemployed and has exhausted his benefits
  5. Family unit in which there is a victim of gender violence
  6. People in situations of dependency or with disabilities for which housing is an indispensable asset for their social inclusion
  7. People over the age of sixty
  8. People in a pre-retirement or retirement situation who, through a guarantee, have assumed the debts of their children or grandchildren
  9. Other persons or family units with circumstances of social vulnerability other than those mentioned

The FSV extension has been agreed by the Ministry of Economy, Industry and Competitiveness with the Ministry of Development, the Ministry of Health, the Third Sector Platform, the Bank of Spain and banking associations.

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