Government of the Azores supports 41 houses in Rabo de Peixe with 1.9 million

O Government of the Azores will grant financial support of 1.9 million euros, plus VAT, to the housing cooperative “Our Villa, Our House”, to build 41 houses in the village of Rabo de Peixe, was announced today.

According to the Azorean executive, this non-refundable financial support is intended for the execution and supervision of the infrastructure works of Toronto allotment, in which will be built 41 new single-family dwellings at controlled costs, 10 type T2 and 31 type T3 typology, in Rabo de Peixe, on the island of São Miguel.

In a statement, the Regional Government (PSD/CDS-PP/PPM) states that the financial contribution protocol was signed, in Ponta Delgada, by the Regional Secretary for Youth, Housing and Employment, Maria João Carreiro, and the members of the Cooperative Board of Directors “Our Village, Our House” Rui Tavares, president, Luísa Ponte, 1st vowel, and Maria Beatriz Travassos, treasurer.

At the ceremony, which was attended by the regional director of Housing, Daniel Pavão, the regional secretary stressed that “the housing policy is not exhausted in public construction” and “it also goes on and increasingly creates conditions for other entities to build, invest and contribute to increasing housing supply in the Azores”.

According to the owner of the Housing folder in the Azores, cited in the note, this support is part of the strategy of the Government of the Azores to diversify responses to the housing challenge, through public investment and the involvement of the private and cooperative sector in the creation of new housing solutions at prices compatible with the income of families.

Maria João Carreiro recalled that, in 2024, a protocol was concluded with “Our Villa, Our House” for the award of a support of 314,000 euros for the infrastructure of where 16 new houses of typology T3 are being built.

“The region needs more houses in the market and the contribution brought by this cooperative is an act that must be valued and amplified. We all win if more examples of these can arise in other counties and other islands ", stressed the ruler.

Among the support that housing cooperatives can benefit from are the provision of standard housing, allotment and infrastructure projects, the provision of infrastructureed lots and land by infrastructure, and the financial contribution, to the lost fund, in the investment carried out, or to be carried out, in the acquisition of land, in its infrastructure and studies and corresponding projects, the Azorean executive, in the note.