Madrid City Council will bring competition selling up to 29 parcels in El Canaveral, Vicálvaro district, to build social housing and provide a solution to the cooperatives from the southeast area, as reported by the Madrid City Council in a statement.
More than 2,100 families from cooperatives of housing developments in the southeast of the capital “may soon see their expectations fulfilled to access subsidized housing.” It will be possible through a “pioneering effort” of the City of Madrid, a public tender for the sale of city-owned parcels intended for social housing, so that they may be paid with land located in other areas.
Cooperatives that own land developments in the southeast of the capital’s areas, such as Los Ahijones, Valdecarros, or Los Berrocales, which development was planned for the 2001-2005 quadrennium, and that were affected by the economic crisis, may submit tenders to the competition.
The urbanized city-owned parcels were valued at 90,397,333 euros and have a floor area of 225,700 square meters. The City will receive in exchange raw land located in the Southeast of these developments, currently owned by cooperatives.
The tender documents which rule the sale of municipal plots provides that the sale was made through an open, aimed at cooperatives holding soil in those developments, and that the price of municipal plots alienated land may be paid with gross estate of the above mentioned cooperatives, which, as of April 1, 2011, had contributed to the respective ground Compensation Boards. They did it with a cap of 83 percent of the value of the sold plots. The rest of the price is paid in cash.
This contest, with the corresponding economic feasibility study that ensures protection of the interests of the locals, is in line with the commitment that the City acquired with those cooperatives affected by the time lag in the implementation of the new developments.
The announcement of the contest has been published today in the Official Bulletin of the Community of Madrid. This operation will also have an added benefit for the rest of the families involved in the housing Canaveral implement the development area and the creation of sustainable population centers from the perspective of service delivery.
Source: Europa Press