The Madrid City Council has announced a significant investment of 1,053,500 euros for the comprehensive renovation of a residential building located at 335 Garganchón Street in the Barajas district. This initiative aims to address the advanced deterioration of the existing structure by demolishing it and constructing 12 new public housing units. The project is part of a broader effort to enhance the residential stock and ensure suitable living conditions for citizens.
EMVS Madrid to Oversee Project Management and Execution
The intervention will proceed following the signing of an agreement between the Department of Housing Policies and the Municipal Housing and Land Company (EMVS Madrid). Under this agreement, EMVS Madrid will assume full responsibility for the project’s promotion and supervision, including the execution of urbanization works and the management of aid for the final beneficiaries.
Álvaro González, Delegate for Housing Policies and President of EMVS Madrid, along with Ana de Miguel, CEO of the municipal company, formally signed the agreement. González emphasized that the building’s poor structural condition necessitated a complete overhaul to guarantee the safety and quality of the future homes.
Co-financed Initiative Under the State Housing Plan
The total cost of the project is estimated at 2,623,480 euros. This investment is integrated into the State Plan for Access to Housing 2022-2025, a collaborative effort involving the Madrid City Council, the Community of Madrid, and the Ministry of Housing and Urban Agenda.
The funding breakdown is as follows:
- The Madrid City Council will contribute over one million euros.
- The Ministry of Housing and Urban Agenda will provide approximately 1.3 million euros.
- The developer will cover more than 276,000 euros.
Demolition, New Construction, and Temporary Relocation
These funds will not only finance the demolition of the existing building and the construction of the new homes but will also cover the temporary relocation of affected families. Additionally, the budget includes provisions for drafting technical projects, necessary reports, and works related to the redevelopment and improvement of surrounding public spaces.
This project underscores Madrid’s commitment to providing affordable and safe housing options for its residents, particularly in areas requiring significant urban regeneration. The collaboration between different administrative levels highlights a concerted effort to tackle housing challenges and improve the urban landscape.
The Barajas district, known for its diverse community and proximity to key infrastructure, is a strategic location for such developments. The new housing units are expected to offer modern amenities and improved living standards for their future occupants.
The initiative also aligns with broader urban development goals aimed at creating more sustainable and inclusive neighborhoods across Madrid. The focus on integral renovation rather than mere cosmetic changes ensures long-term benefits for the community.
Further details regarding the construction timeline and the application process for the new housing units will be announced by EMVS Madrid in due course. Residents of Barajas and other interested parties are encouraged to monitor official channels for updates on this important urban development project.
This investment is a clear indication of the city’s dedication to social welfare and urban improvement, aiming to create a more equitable and livable Madrid for all its citizens.
