The Regional Government of Madeira delivered 30 new apartments in the parish of Canhas, Ponta do Sol, as part of the PRR housing programme. With this delivery, 715 of the 808 total planned homes have been handed over, with 93 units remaining to be delivered in Funchal.
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The president of the European Investment Bank (EIB) announced that the institution will provide financing for the construction of 70,000 new housing units in Portugal. The EIB identifies the country's housing crisis as a priority area for investment.
The European Investment Bank (EIB) has approved a 300-million-euro loan to Portugal to fund the construction of affordable housing. This funding is intended to increase the supply of housing units available at accessible price points.
Mário Centeno proposed that developers be required to dedicate 20% to 25% of all new housing projects to affordable housing as a condition for licensing. He also criticized the government's recent IRS tax cut announcement, arguing that only 400 million euros of the 1.4 billion euros in tax retention savings are actual tax rate reductions, with the remainder likely to be reclaimed by the state in future liquidations.