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Sareb Grants 1,300 Homes for Social Purposes in Cataluña

The company that manages assets proceeding from the rescued banks has closed a new agreement with the Catalan Administration to increase the number of social homes granted by the region to 1,299.

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The Company for the Management of Assets proceeding from the Bank Restructuring (Sareb) has transferred a total of 1,299 social homes to the public administrations of Cataluña, from which around 5,200 people may benefit. In this way, the region has consolidated its position as the main recipient of real estate allocated by the company for these purposes.

The company signed a new agreement yesterday, whereby making 35 social homes available to the City Council of L’Ametlla del Vallès (Barcelona). The agreement will be valid for four years and will be renewable on an annual basis up to a maximum of four years.

Read the full article in Spanish.

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