01 April 2020 – Guaranteed line of credit for housing

This item is sourced from COVID-19 Policy Watch co-ordinated by Policy. We are in the process of gathering further information and aligning taxonomies for these items.

Type of Intervention: Housing
Sectors Involved:
Level of Jurisdiction: National
Lead People/Agency:

Overview: The Government of Spain has allowed the Ministry of Transport, Mobility and Urban Agenda and the Official Spanish Credit Institute to establish a credit line of guarantees, fully secured by the state, to allow credit entities to offer temporary financing aid to Economically Vulnerable persons.

This aid will be interest free, have a term of up to six years, extendable for four years in exceptional circumstances, and be earmarked for the payment of rent. It may cover a maximum of six (6) monthly rent instalments.
Full details here: https://www.boe.es/boe/dias/2020/04/01/pdfs/BOE-A-2020-4208.pdf