Whether you are a public or private developer with a registered office or operations in Catalonia, you can apply for the ICF Habitatge Social Promoció loan if you have a recognition resolution for any of the following subsidies:
From €250,000 and up to 100% of the eligible investment minus the subsidies received with a ceiling of €150,000 per property.
Up to 30 years including a grace period of up to 4 years.
Fixed at 3.65% and will be reduced to 3.40% when the transactions have a public guarantee.
Approved transactions will get an interest rate subsidy of 0.7% from the Catalan Housing Agency. The final interest rate will therefore be fixed at between 2.95% and 2.70%.
For developers subject to the principle of financial prudence, the interest rate will be applied according to the regulations and will not be subsidised.
For more information about the projects’ eligibility for the interest rate subsidy by the Catalan Housing Agency, you can access the regulatory basis and the announcement on this topic published in the Official Gazette of the Government of Catalonia.
Arrangement fee, at most 0.25%; for early repayment, at most 0.25% of the amount repaid; and swap cancellation costs.
Construction mortgage and rent security. Others may be asked for depending on the project.
