Increased funding and new priorities
In 2026, the budget for Madrid’s municipal housing and land company (EMVS Madrid) will reach €174.46 million, a 3.7% increase over the previous year. Most of the funding will come from the city council, which is raising its contribution by 7% to €137.23 million. This move highlights the city’s commitment to making rental housing more affordable for Madrid residents.
Construction and modernization of the housing stock
A total of €112.8 million is earmarked to complete the construction of new residential complexes available for rent at reduced rates. In the near future, three new sites will be commissioned, bringing the number of municipal apartments to 10,300. Currently, EMVS is developing 6,100 apartments, including 2,200 under the Suma Vivienda program, which is implemented in collaboration with private companies. The first phase of 1,600 apartments is already under construction, while the second phase, for 600 apartments, is at the tender stage. In the coming months, construction of over 1,000 more apartments will begin on pre-prepared plots across various city districts.
Modern standards and tenant support
All new homes will meet high standards of quality and energy efficiency. Buildings will be equipped with solar panels, aerothermal systems, and cooling floors. Thanks to the subsidy system, tenants will not spend more than 30% of their income on housing. Sixteen million euros are allocated to these measures annually.
Urban programs and neighborhood development
EMVS will continue its efforts to improve and renovate the urban environment in the districts of Villaverde, Fuencarral, Latina, Usera, Carabanchel, and Barajas. In addition to constructing new homes, the company is actively working in the secondary market to increase the supply of affordable apartments.
Bringing vacant homes back and supporting owners
The ReViVa program, aimed at putting vacant apartments back on the market, has already added over 190 units to the affordable rental segment. This initiative will receive further development in 2026. Owners can hand over their apartments to EMVS management for a period of 5 to 10 years, retaining ownership rights and receiving guaranteed monthly payments. The company handles all management matters and also finances up to 45,000 euros in renovations interest-free, recovering these costs from the rental payments.
Services for tenants and owners
The municipal rental mediation service (SIA) will continue its work, helping landlords and tenants connect, providing consultations, guarantees, and insurance against non-payment or damage for the entire term of the contract.
Impact on the rental market
The increased budget will allow EMVS to strengthen its position in the affordable housing market, prioritize eco-friendly technologies, and use city resources more efficiently. Authorities expect these measures will not only expand the housing stock but also improve the quality of life in the capital.
