Lisbon's Mayor Carlos Moedas and Infrastructure Minister Miguel Pinto Luz have handed over keys to 50 families for affordable housing in Marvila. This initiative is part of the Affordable Rent Program, featuring new residential blocks with T1, T2, and T3 apartments. The project, which began in June 2023, represents a €9.3 million investment and is a key component of a broader municipal plan for the Vale Formoso de Cima area.
Highlights of the Project:
- 50 new homes delivered to families in need.
- Investment of €9.3 million in the construction of two residential blocks.
- Part of a larger municipal project that includes an additional building with 105 units (T0 to T4) currently under construction.
"This is your home, this is your right," stated Carlos Moedas, emphasizing the transformative impact of providing housing. He revealed that Lisbon has over 1,000 more affordable homes under construction, aiming to increase the city's municipal housing stock, which currently stands at 12%—a figure higher than many European cities.
National Efforts: Minister Miguel Pinto Luz highlighted the national scale of the housing initiative, with 12,000 homes already delivered and 8,000 more expected by year-end. He stressed the importance of continued efforts to address the housing crisis across Portugal.
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