The Company for the Management of Bank Restructuring Assets (Sareb), also known as the bad bank, announced on Thursday that the volume of housing intended for social purposes now exceeds 11,500. In them, more than 35,000 people in different vulnerable situations benefit from the social benefit programs that the company launched in 2022, the year in which the Fund for the Orderly Restructuring of Banks (FROB) took control of its shareholders.
To the over 11,500 total homes, there are another 1,625 that this body has sold through agreements to various public administrations; as well as another 180 houses conditioned and donated free of charge to the people affected by the damage that mainly affected the province of Valencia in October last year. Of the more than 35,000 people benefited, the vast majority are tenants of the Social Rental Program with support and job placement, which already has 9,800 homes and which in 2025 has exceeded the integration of more than 600 people, which is equivalent to daily reintegration and almost 700 signed employment contracts.
“We have made a great effort in recent years to promote this program and the numbers support our work. We are helping many families escape the risk of social exclusion and, moreover, we manage it in an economically sustainable way for the company”, explains Sareb’s director of Social and Affordable Housing, Pau Pérez de Acha, in a note.
I commit
Sareb’s action protocol in signing up for a social rental requires the company’s social managers to help families process available public aid, as well as register supplies, access training programs and job searches, the latter through the preparation of an updated CV and sending offers suited to their profiles.
According to data announced on Thursday, the social rental program maintains a default rate of 10.6% – which reflects the total unpaid rent from the last 12 months on the invoice at that time – a figure lower than the sector average for this type of rental, and which is gradually decreasing. This “demonstrates the families’ great commitment to the program and their responsibilities,” the statement said.
