Portal de Cartagena
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On the brink of 2 decades of rule by Pilar Barreiro front of City Hall is enough time to take stock of the housing policy of popular government in Cartagena.
The truth is that during the first decade nothing was done, and in the second, the Mayor put his unique project of social housing in the proposed Residential Youth Housing Marfagones Molinos, a project that is a real fiasco.
It should be recalled that the City momentum of the previous General Plan amendment 113 reclassifying rural land into urban, with the intention of promoting 1,800 housing in our municipality, in order to counter the void of social housing policy of Barreiro administration during its first 10 years government.
To which launched a joint venture owned by the City Council through the Company Casco Antiguo, which invested 9% of the share capital of the company responsible for developing the project, or what is the same part of the benefits and charges that the project might hold in the future.
These homes may end up 10 years later in the hands of a vulture fund, are evidence of huge fiasco bet Sra.Barreiro as well as the City's indebtedness fat, can cause ground for social housing reaches the hands speculative companies that buy cheaply and as is happening in Madrid, declassified homes can sell municipal assets at higher prices when the market recovers.
The project has failed, of the 1,800 houses planned just 200 were built, many of which have not been sold, so this society, which is a partner the City Council has to deal with the mortgage liability that discards of the more than expected capital loss of the assets of the corporation owned by the City.
From SPCT we denounce the team concealed Government at the recent meeting of Casco Antiguo SA real debt to the company was higher than that published since hid 9% of all contracted mortgage liability for Residential Youth Housing, responsibility will result in an increase in the debt of Casco Antiguo SA is not sold or package housing a vulture fund, since these funds typically buy half or even less than market value, market subdued by the crisis real estate sector.
In this new fiasco PP government team from SPCT propose that since it is possible that the Youth Housing SL company is liquidated, the City realization of their 9% and stay at least housing and housing mortgages that correspond partner of the company, so if your mortgage liability amounts to 406,000 euros and there are homes for sale from 52,000 euros, could make a virtue of necessity and launch a public exchange of municipal housing for rent with a package of 8 apartments in Molinos Marfagones that could be used to rent.
This measure will get even ridiculously marking the start of the project objective and was overcome lack of social housing and not indebted to the City with this type of project, for which income derived from this rental to help pay low mortgages
Source: SPCT
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