Spain's Ministry of Housing activated this Monday the public consultation process for the royal decree through which 45 million euros in subsidies will be granted to create at least 1,525 affordable university housing units. The objective is to finance the construction and adaptation of residences for students in seven different cities across Spain.
The measure is part of the government's policies to address the housing affordability crisis in the country, a problem that particularly affects young university students. The funds will be distributed among the selected municipalities to develop these housing projects at controlled prices.
The royal decree is now subject to the public consultation period, during which entities and citizens can submit observations and suggestions to the proposed text. Once this process is completed, the government will be able to proceed with the final approval and distribution of funds among the selected projects.
