The Madrid City Council has initially approved the Special Plan that adapts municipal regulations to the Law 3/2024 of the Community of Madrid. The construction of 5,187 affordable homes is anticipated, of which 1,408 already have licenses.
The Madrid City Council has green-lighted the Special Plan that will allow the application of the Law 3/2024 from the regional government, modified by Law 2/2026, aimed at promoting the construction of affordable housing. The agreement, which adapts municipal urban regulations, was explained by the deputy mayor and municipal spokesperson, Inma Sanz.
The City Council estimates that this measure could mobilise up to 20,000 new homes in the city. So far, licenses have been granted for 1,408 affordable homes intended for rent, while another 3,779 are in various stages of processing. In total, the development of this regulation will allow the construction of 5,187 affordable homes.
The initiative, driven by the Department of Urbanism, Environment and Mobility, introduces three fundamental changes. Firstly, it expands the possibility of implementing alternative residential use in plots designated for tertiary, lodging, and private facilities, as long as they are allocated for affordable rental housing. Secondly, it allows for increased density and buildability on undeveloped plots designated for affordable housing and on public network plots. Lastly, it considers the establishment of temporary accommodation on vacant industrial plots in consolidated urban land, although the City Council maintains the incompatibility between residential and industrial uses.
Valdebebas concentrates the largest volume of actions, with 3,739 homes either granted or in processing. It is followed by Los Berrocales (215), Ensanche de Vallecas (135), El Cañaveral (124), Los Ahijones (300), Carretera de San Martín de la Vega (213), Valdemarín-Este (28), and Norte Torre Arias (120).
The City Council emphasises that any measure that allows for an increase in the stock of affordable housing must serve the citizens, balancing this objective with the urban model defined by the General Urban Planning Plan of 1997 and the future Municipal Strategic Plan, whose initial approval is expected in the first half of 2027.
You may also like
