THE Community of Madrid announced the steps to follow to be part of the new call for applications rental assistance for 2024 and which aims to young people, the elderly and people in economic difficulty. This initiative aims to facilitate access to decent housing in a real estate market with increasingly high prices. The assistance covers 50% of the monthly rental price, and can be requested by tenants who meet certain conditions of age, economic situation and residence. The deadline for submitting applications is open until December 15allowing online and in-person registration.
One of the most important aspects of this assistance is its orientation towards people who, for various reasons, face obstacles in meeting the costs of renting housing whose prices are already high, especially in the capital. So, young people under 35, the elderly and people living with limited resources They will be able to benefit from this initiative, provided they meet specific requirements. In the case of complete accommodation, the monthly rent must not exceed 600 euros, while single rooms cannot exceed 300 euros. There is terms special for large families and residents of the Madrid capital, who can benefit from this aid with rents of up to 900 euros for complete houses or up to 450 euros per room. In addition, to request this aid it is necessary to fulfill a series of general and economic conditions. Below is a breakdown of who can access this grant. and what documents they must submit to be considered in the evaluation process.
Requirements for applying for rental assistance
To access the aid, applicants must meet the following conditions terms:
- Be of legal age and, in the case of foreigners, have legal residence in Spain.
- Hold a current lease contract, in accordance with the Urban Lease Law, or be able to sign it before the end of the application period.
- Use the accommodation as a habitual and permanent residence, which implies not having a close relationship with the owner or being a partner of the owner of the property.
Economic conditions
The assistance is aimed at people with limited income, according to the parameters of the Multiple Effects Public Income Index (IPREM). To access aid, income from cohabitation must be less than three times the IPREM, even if this ceiling is extended for large families and people with a recognized disability, who can opt for aid if their income do not exceed four or five times. IPREM, as applicable. In additiona minimum income of 0.75 times the IPREM is established, even if for those under 35 this threshold can be equal to zero.
Necessary documents
THE the application must be accompanied by certain documents which prove the applicant’s situation and compliance with the requirements. THE documentation main includes:
- Copy of rental contract or transfer of use.
- Certificate of census collective and history of all contracts in force since January 1, 2024, which justifies residence in the rented accommodation.
- For foreigners non-community, residence permit long term or temporary.
- In case specific, such as those in which the applicant receive minimum integration income or social security benefits, It is necessary to attach a certificate of income from the last expired tax year (2023).
- will also be necessary other specific documents if the applicant belongs to family units with disabled people or if the rental is due to reasons of gender violence or terrorism.
Registration process
Interested people can submit their application from November 1 to December 15, 2024, both in person and telematically. Although it is possible to carry out the procedure in offices, the Community of Madrid recommends doing it electronically for greater speed and convenience. On the Community web portal, users will find the official application form and the corresponding annexes to download and complete before sending them.
Evaluation and granting of aid
The process of granting this aid is based on a competitive competition regime, which means that all applications are evaluated based on priority criteria, such as household income. Those with the lowest incomes will be given priority, and the process will continue until the budget allocated for this assistance is exhausted. This methodology guarantees equitable distribution and gives priority to candidates in situations of greater economic vulnerability.
Rent assistance in Madrid represents a respite for those who are having difficulty covering their housing costs. With coverage of 50% of the monthly rent and an accessible application processThis grant is a crucial tool to help the most vulnerable sectors of the capital.
