Madrid specifies its rental aid for young people: flats of up to 900 euros in some municipalities

The regional government of the Community of Madrid to rental aid for young people. Madrid, which was one of the few territories that remained to establish the particular characteristics of its young bond, has authorized the investment of 31.8 million euros to launch the plan, as announced this Wednesday after the meeting of the Council of Government.

Finally, young people under the age of 35 who habitually reside in the Community of Madrid will be able to apply for aid of 250 euros per month for a period of two years if the rent they pay for housing does not exceed 600 euros.

And for those who rent individual rooms, the maximum price they must pay for this to qualify for aid should not exceed 300 euros.

Extended to 900 euros

However, the regional government, through the Ministry of Environment, Housing and Agriculture, has extended these maximum limits established in 29 municipalities. These may reach 900 euros per month in the case of renting a property and 450 euros per month in the case of a room.

Specifically, these towns are Alcalá de Henares, Alcobendas, Alcorcón, Algete, Arroyomolinos, Boadilla del Monte, Getafe, Collado Villalba, Coslada, Fuenlabrada, Galapagar, Las Rozas de Madrid, Leganés, Madrid, Majadahonda, Móstoles, Parla, Pinto, Pozuelo de Alarcón, Rivas-Vaciamadrid, San Fernando de Henares, San Sebastián de los Reyes, Torrejón de Ardoz, Torrelodones, Tres Cantos, Valdemoro, Villanueva de la Cañada, Villanueva del Pardillo and Villaviciosa de Odón.

Although to know the specific requirements with which to apply for the aid, it will be necessary to wait for the publication of the Order over the “next few days” in the Official Gazette of the Community of Madrid (BOCAM), it is expected that these will be similar to those announced by the central government when the measure was approved at the beginning of the year.

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In general terms, and as approved in the , the ‘Young Rent Bonus’ requires that the rented home must be considered a regular and permanent home, that the beneficiaries have a regular source of income and their income is less than 3 IPREM (). That is, less than 1,737.06 euros per month or less than 24,318.84 euros per year (divided into 14 payments). However, the same decree allows the different communities to specify their own limit.

While in some communities it is not yet possible to apply, in others the term is already open and in some it has even ended. In you can consult the state of aid by region.

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