Lisbon Council launches affordable housing development
Lisbon City Council has launched a new affordable housing development for the capital’s Arroios district.
The development comprises 68 homes at affordable rents from one to four-bedroom apartments, a creche and public garden in a €30 million investment. The project has been earmarked for Rua Gomes Freire.
A further two tendering competitions have been launched for similar affordable housing schemes for the neighbourhoods of Belém, Lumiar, Parque das Nações, and Vale de Santo António comprising 267 homes as well as two creches and green spaces. The typologies involved range from studio flats to five-bedroom apartments in a total investment of €74.8 million.
Rents will vary between €200 for a two-bedroom apartment to €650 for a five-bedroom apartment.
The projects are part of the council’s Affordable Rent Programme. This month the Council handed over the keys to 250 affordable homes and by the end of the year it plans to deliver 240 more including for 96 homes in Lisbon’s Boavista neighbourhood.
The Council plans to invest around €200 million in affordable housing projects over the next three years including an entire new neighbourhood Bairro da Cruz Vermelha in the parish of Santa Clara comprising 130 new homes with completion expected by the end of 2019 and will house the majority of those living in the actual neighbourhood.
The homes will boast the latest mod-cons in terms of comfort and environmental solutions with water recycling systems.