This news article was originally written in Spanish. It has been automatically translated for your convenience. Reasonable efforts have been made to provide an accurate translation, however, no automated translation is perfect nor is it intended to replace a human translator. The original article in Spanish can be viewed at La ministra de Vivienda firma los convenios para la financiación del Plan Estatal de Vivienda y Rehabilitación
The Housing Minister signs agreements for the financing of the State Plan for housing and rehabilitation
23/07/2009
July 23, 2009
The Minister of housing, Beatriz Corredor, has signed collaboration agreements with 123 banks for the financing of actions protected housing and soil of the State Plan for housing and rehabilitation (PEVR) 2009-2012. Within this framework, the Minister has explained the great strokes of the line of coverage of protected housing initiated by the Ministry of housing and which will facilitate the granting of a mortgage for the purchase of a housing for 100,000 families. To this end, the Ministry will assume 50% of the risk of each new loan up to a maximum of 12,000 million euros volume.
The holder of housing has announced that the PEVR, which entered into force on 1 January, has already reached 30,000 Spanish families thanks to the transitional measures set out therein.
The plan to reach a million homes (38% more than the previous one), with a contribution of more than 10 billion euros by the Government of Spain of housing through the budget of the Ministry and will mobilize 34 billion euros in loans granted by credit institutions.
