The Balearic Housing Institute (Ibavi) will begin construction of more than 1,000 public housing units in 2026. This is 90 percent of a total of 1,213 public housing units that the Government plans to build and that are part of the Public Housing Shock Plan.
The president of the Govern, Marga Prohens, presented this Monday the shock plan, stressing that it will mean the largest construction of public housing in the history of the Islands, with an investment of 228 million euros.
The promotions, in which at least five years of residence in the Balearic Islands must be accredited, include 613 homes in Mallorca, 248 in Menorca, 292 in Ibiza and 60 in Formentera.
According to Prohens, the projects can be declared investments of regional interest, which will reduce the usual processing time by two years. Thus, 90 percent will begin construction in 2026 and the remaining 20 percent in 2027.
The event, to be held in the Ibavi space, was also attended by the Councilor for Housing, Territory and Mobility, José Luis Mateo; the general director of Housing and Architecture, José Francisco Reynés, and the manager of Ibavi, Roberto Maria Cayuela.
Also present were mayors from different municipalities, and representatives of professional associations, businessmen and social entities.
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