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The Government Activates Loans for Tenants of Rental Properties, which will be Backdated to 1 April

This week, the Executive will activate the €1.2 billion line of credit for tenants who are struggling to pay the rent, which is expected to benefit around 450,000 people.

Jose luis Abalos ministro agenda urbana Fuente Pool Moncloa JM Cuadrado 1
José Luis Ábalos, Minister for Transport, Mobility and the Urban Agenda. Source: Pool Moncloa / JM Cuadrado.

This week, the Ministry of Transport, Mobility and the Urban Agenda will activate a line of credit guaranteed by the State amounting to €1.2 billion for tenants who are struggling to afford the monthly rental payments on their homes due to the current health crisis and State of Emergency.

This measure has been announced by José Luis Ábalos, who has assured that the loans will be granted to citizens retrospectively, in other words, to cover their rent from 1 April. “This week we will be signing the agreement for the measure to apply retrospectively from 1 April,” said the minister during his appearance in Congress to discuss these loans to pay the rent, which are expected to benefit around 450,000 tenants.

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