Learn about the Affordable Housing Report in Spain prepared by Culmia in collaboration with GAD3, a social research and communication consultancy. You can also watch the video summary of the presentation.

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Plan Vive Affordable Housing
Madrid City Council

What is Affordable Housing of the Madrid City Council?

The Madrid City Council has launched a project, driven by the Urban Development Department, that involves the transfer of land belonging to the City Land Assets for the promotion and development of affordable rental housing.

This project aims to place on the market approximately 2,200 affordable rental housing units on a total of 25 plots in 11 districts of the city of Madrid, promoted and developed by the succsessful biders. The land required for residential use will be granted by the city government under a 45-year surface right regime.

The objective is to promote access to rental housing for a wide range of social groups within a certain maximum family income limit, thus alleviating the economic burden of renting by building affordable rental housing.

¿En qué lotes se divide?

The Madrid City Council's affordable housing project consists of 25 plots divided into 5 lots located in Madrid city. The plots are located in the following districts:

Primer Lote: Hortaleza (2) y Usera.
Segundo Lote: Hortaleza, Fuencarral-El Pardo (2), Latina, Carabanchel y Villaverde.
Tercer Lote: Arganzuela, Retiro (2), Villaverde y Usera.
Cuarto Lote: Arganzuela, Tetuán, Ciudad Lineal (2), Carabanchel y Villaverde.
Quinto Lote: Arganzuela, Fuencarral-El Pardo, Carabanchel, San Blas y Villaverde.

¿Qué lote se ha adjudicado Culmia y dónde está?

Hemos sido adjudicatarios de los lotes 1 y 5.
Within Lot 1, Culmia will build two developments in Valdebebas and one in Usera with a total of 437 homes. It is made up of 3 plots in Hortaleza (2) and Usera, with a total of 434 homes.
Within Lot 5, Culmia will build five developments in Arganzuela, Fuencarral-El Pardo, Carabanchel, San Blas and Villaverde with a total of 434 homes. It consists of 5 plots in Arganzuela, Fuencarral-El Pardo, Carabanchel, San Blas and Villaverde, with a total of 434 homes.

How does Culmia contribute to Madrid City Council's affordable housing project?

Culmia participates as the developer responsible for the construction and delivery of the buildings, in collaboration with Cevasa who will be in charge of managing the housing stock once construction is completed.

Learn about the Affordable Housing Report in Spain prepared by Culmia in collaboration with GAD3, a social research and communication consultancy
Download Report