"Lisbon City Council has closed a new agreement with the Institute of Housing and Urban Rehabilitation (IHRU) for an investment in public housing that totals €800 million, with €510 million financed until 2028," detailed a note sent by local authority to Lusa news agency.


€100 million allocated to rehabilitate municipal housing

According to the local authority, around a third of the €320 million euros will be allocated to the rehabilitation of municipal housing under the management of Gebalis - Lisbon Municipal Housing Rental Management.

€15 million is to be used to rehabilitate vacant properties, with an aim to provide 620 units, and €85 million will be used to rehabilitate buildings with “undignified housing conditions, benefiting 8543 homes and the respective resident families”.


Financial support beyond Recovery and Resilience Plan

The remaining €222 million is intended to support the continued investment in housing between 2027 and 2028, extending beyond Portugal's Recovery and Resilience Plan (PRR), alongside support from the State Budget.

"The municipality of Lisbon thus makes an ambitious commitment to make the necessary investments in the construction and rehabilitation of around 14,383,000 homes by 2028," the statement said.

According to the local authority, "part of this investment is already underway, having made possible, during the current mandate, the allocation of over 1,100 homes, 487 homes built and 683 homes rehabilitated".

Support from Mayor of Lisbon

A quote from the Mayor of Lisbon, Carlos Moedas, was included in the note, “We are paying special attention to the most vulnerable, to ensure they have decent housing, but we are also supporting the middle class, so they can live in Lisbon. We want a city that is not only for some but for all".

Housing has been a growing problem in Lisbon, and this funding is hoped to help the city take its next steps in creating solutions to this problem.