The Department of Mobility and Housing of the Government of the Balearic Islands will have 13.1 million euros available this year 2022 through the State Plan for Access to Housing 2022-2025 and the Youth Rental Voucher, 50% more than the resources of 2021

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This amount is distributed as follows: for the Bono Alquiler Joven, the Balearic Islands will receive a total of 4.8 million euros for 2022, while in the case of the State Plan it represents an amount of about 8.3 million (€8,280,000). These resources will be allocated entirely to rental subsidies.

The amount was announced today at the Housing and Land Sector Conference, which was attended by the Minister for Mobility and Housing, Josep Marí, and the Director-General for Housing and Architecture, Eduardo Rosy. The conference approved the criteria for distributing the resources set in the general state budget by the Ministry of Transport, Mobility and the Urban Agenda among the different autonomous communities. The distribution criterion is maintained with respect to the last State Plan 2018-2021, based basically on the population criterion, with some corrective criteria of lesser weighting, corresponding, therefore, 2.4% to the autonomous community of the Balearic Islands.

Minister Marí said: “We are satisfied because anything that means having more resources that can reach young people and families is always welcome. This obviously has to be accompanied by other measures, such as those promoted by this government and the expansion of the public housing stock. All of this will also be complemented by the coming into force of the future state law on the right to housing, approved this Tuesday in the Council of Ministers”.

It should be remembered that to these 13 million euros earmarked for housing policy will also be added the amount of aid for residential rehabilitation under the Plan for Recovery, Transformation and Resilience (European Funds), which includes a first annual amount of 28.3 million euros, complementary to those that will be received for the construction of highly efficient housing for public rental (12.5 million) and energy rehabilitation of public buildings owned by the Autonomous Community (PIREP, 11.8 million).

Therefore, the Regional Ministry of Mobility and Housing will manage, through the Directorate General for Housing and Architecture, finalist funds from state transfers amounting to more than 65 million euros during 2022.

The Bono Alquiler Joven (Youth Rental Voucher)

In addition to setting these distribution criteria, which are necessary for the funds to arrive and, therefore, for the aid to be granted, two specific issues relating to the Bono Alquiler Joven have been discussed and agreed on regarding its management.

In the case of shared flats, where all the young people are contract holders, the maximum rent limit, set at 600 euros, may be increased in proportion to the number of people.

On the other hand, a system has also been agreed upon between the different autonomous communities that allow the mobility of young people who are beneficiaries of this Bono Alquiler Joven, so that if they move to another community they can maintain the aid that has been granted.

The Bono Alquiler Joven consists of a subsidy of 250 € per month that can be received for a maximum of two years by young people aged between 18 and 35, provided that they have a regular source of income, that their income does not exceed the threshold of three times the IPREM (24,318.84 € per year) and that they pay rent for their habitual residence or for a room where they live on a continuous basis.

The maximum price of this rent is set in Royal Decree 42/2022 at 600 € in the case of flats and 300 € per month in the case of rooms, but it allows for this to be increased to 900 € and 450 € per month, respectively, if justified. The Balearic Islands will prepare this justification to extend the rent limits, a matter that will have to be dealt with in a forthcoming bilateral meeting between the Ministry of Transport, Mobility and Urban Agenda and the Autonomous Community of the Balearic Islands.

The Bono Alquiler Joven can be applied for once all the administrative procedures between the Ministry and the CAIB have been completed, the effects will be retroactive and it will be paid from January 2022.