Only 348 families in Ibiza and Formentera have access to the 2024 rental subsidies: the Government claims to raise the 900 euros ceiling.

The Govern has completed the seventh and last payment of the 2024 rental aid line with a direct impact on Ibiza and Formentera, where 348 people have received economic support to meet the cost of housing. In this new resolution, published in the BOIB, a total of 318,156 euros has been paid, which closes a call that throughout the year has benefited nearly 4,000 households in the Balearic Islands.

In the case of Ibiza, the program has reached 291 beneficiaries, who have received 780,000 euros in aid. In Formentera, the most stressed island in relation to salaries and housing prices, 57 grants have been awarded, for an amount close to 141,300 euros. Both figures reflect the pressure of the Pitiusan residential market, where rents frequently exceed the limit of 900 euros per month imposed by the Ministry of Housing to access these subsidies.

The Regional Ministry of Housing, Territory and Mobility has emphasized that this year payments have been resolved more quickly, ending the call for applications at the beginning of December. In previous years, payments took more than a year; for example, the 2021 grants were not completed until December 2023.

The Govern has reiterated that the 900-euro ceiling leaves out many families on Ibiza and Formentera who, even though they meet the income requirements, cannot find homes below that price. For this reason, it has repeatedly asked the Ministry to raise this limit so that more residents can benefit from the aid in the islands with greater real estate tension.