Latest news and stories about affordable housing in government in Porto, Portugal for expats and residents.
The city of Portugal has distributed 105 keys to citizens as part of a strategic public housing recovery plan aimed at addressing affordability challenges.
Matosinhos municipality is facilitating the construction of 140 affordable rental units by granting land for 90 years, providing financial aid, and streamlining the approval process for housing cooperatives.
The City Council is moving forward without waiting for the PSD/CDS-PP Government. Luísa Salgueiro guarantees that more than 20 million will be recovered from the State. Ready in 3 to 4 years.
The Mayor of Matosinhos announced to Lusa this Friday that she will request a 40 million euro loan to build 500 affordable housing units, with one of the developments being exclusively for young people up to 35 years old. “We are a municipality that, in addition to execution capacity and good teams, has...”
The city council moved forward without waiting for national funding. Luísa Salgueiro guarantees that the loan will be repaid once public funds arrive.
New affordable housing supply brings the total number of units managed by Porto Vivo to 588
The project is part of the municipal programme 'Porto com Sentido', is promoted by Sonae Sierra and Solive, and represents an investment of €55 million.
Porto City Council has signed a preliminary agreement with Sonae Sierra and Solive to build 331 affordable housing units in the Campanhã parish, with completion expected by 2029. The Cartes Living project, a public-private partnership, will feature apartments ranging from studios to three-bedroom units, with monthly rents managed by the municipality under the 'Porto com Sentido' programme. The developers are responsible for the investment and construction, while the city will manage the rentals for an initial 10-year term, renewable up to 25 years. This initiative aims to address the city's housing shortage by leveraging private investment to provide stable, affordable options for local families.
Porto City Council has already allocated 436 affordable housing units under the affordable rental programme promoted by Porto Vivo. The local authority estimates that around a thousand people are benefiting from this municipal initiative. In a statement, the Porto municipality noted that a draw was held to allocate 25 homes, thus continuing the process.
Home News Affordable rental properties in Porto Affordable rental properties in Porto Porto council has announced that applications for the municipal affordable housing program are permanently open, allowing interested parties to apply at any time to access housing with below-market rent.
