Lisbon Municipality Allocates 19 Affordable Rental Homes in Benfica
The Lisbon City Council has concluded the 32nd lottery of its Affordable Rent Program (PRA), awarding 19 residential properties in the Benfica parish. The announcement was made following a draw that saw 4,680 eligible applications compete for the homes. This initiative operates under a protocol between the central municipality and the Benfica Parish Council, which owns the housing units. The properties, which include studio, one-bedroom, and two-bedroom apartments, are located on Rua Cláudio Nunes, Estrada do Calhariz de Benfica, and Travessa José Agostinho de Macedo. The renovation of these units was funded by the national Recovery and Resilience Program, a key component of the government's strategy to improve housing stock. According to the official release, a total of 5,529 applications were initially registered for this round of the program. The program's objective is to provide housing solutions at costs below the market rate to families facing affordability challenges in the capital. The Lisbon government has highlighted the PRA as a critical tool in its municipal housing policy, aimed at mitigating rental market pressures. A spokesperson for the municipality, in a statement, noted the high demand reflects the ongoing need for such programs. The selected candidates have been formally notified through the Habitar Lisboa digital platform and are required to submit necessary documentation within a five-business-day deadline to secure their contracts. The official list of the successful applicants has been published by the municipality to maintain transparency in the allocation process. This program is one of several housing initiatives the Lisbon government is currently managing to address the city's housing affordability crisis. The policy aims to increase the supply of accessible housing and ensure long-term rental stability for local residents. The government's housing strategy involves both the construction of new units and the rehabilitation of existing public and private properties for social and affordable rental purposes. The ongoing implementation of these programs is being closely watched by market analysts and resident associations, who are evaluating their impact on the broader Lisbon property market. Understand policy impacts on your Portugal property plans at realestate-lisbon.com.
