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Castilla-La Mancha allocates 75 million for housing construction and zero-interest mortgages

deercreekfoundation November 15, 2025
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The PSOE of Castilla-La Mancha held a “Housing on the Right Path” event this Saturday in Albacete, where Nacho Hernando, Minister of Local Government and Development, promoted: They plan to allocate 75 million euros of aid for the construction of new housing … And for interest-free mortgages in the next housing project. It will be initiated by local governments.

In this act, he was accompanied by Marisa Sánchez Cerro, Housing Secretary of the Regional Executive Committee, and José González, Spokesperson of the Socialist Municipality Group of Albacete, to inform the public of the main policies of the Emiliano García-Page government.

Hernando encrypted €45 million is the amount allocated to the Housing Action Plan «To get what’s there Assistance to promoters “They are going to build houses,” he said, while adding, “In order to ensure affordable rents, i.e. below market rates, we are going to offer at least 30 million euros in youth mortgages for the 20% that banks will not finance. We are going to lend to young people at zero interest rates.”

In this way, he reviewed the main measures considered in the Housing Action Plan, stressing that “the situation in Spain today no longer allows us to propose frivolous solutions” and that it is “a national mission”. A plan containing 10 policies proposing serious intervention in the housing market. Deliver more and better quality housing by providing solutions for everyone involved, without criminalizing anyone.




Similarly, Nacho Hernando asserted that “Albacete is now the capital of Spain in terms of reconstruction, both from European funds and from the Feder Fund, which we launched in Castilla-La Mancha as a pioneer of reconstruction.”

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In this sense, he announced that almost 1,000 homes have been or will be rebuilt in the city, as another activity will be added in the Hermanos Falco district “in line with the success of La Pajarita”, where almost 500 homes have been rebuilt.Renovate 200 homes with approximately 4 million euros in aidwith an investment of $5.60, also worked with the same company that carried out the reconstruction of “La Pajarita”.

Meanwhile, José González, spokesperson for the City Council Group of Albacete City Council, stressed that “Emiliano García-Page has shown that the local government is beneficial to the people of Albacete by concrete actions regarding housing,” asserting that it is one of the “most pressing concerns and needs of the people of our land.”

“Faced with this model, we see that the mayor of Albacete, Manuel Serrano, has arrived late, has no city projects, and has fallen into paralysis and apathy,” the Socialist Party spokesperson said, citing the example, stressing that “Mr Serrano has still not been able to hand over the meager 250,000 euros he has allocated for the purchase of 88 public protection housing units and social rental housing that he started in his last mandate.”

Director José González reiterated and concluded: “Albacete needs an affordable, protected and comprehensive housing plan that not only responds to more than 3,000 requests, but also provides housing alternatives and guarantees access to this right in the medium and long term.”

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