He Social Security Bank (BPS) implemented a pilot subsidy plan rentals for retired and low-income pensioners due to the difficulties of accessing their own home in that segment of the population.
The president of the BPS, Alfredo Cabrera, explained the current model of retirement buildings, which is part of the national housing program, does not conform to the principles of the active agingwhich propose the integration of people in the environments in which they live.
However, the biggest problem with the current housing solution program is its cost: as Cabrera explained, each home has a average construction cost of $60,000while its maintenance and administration comes out $1,500 per year. If, in addition, we take into account that each building takes four years to buildthe initiative takes a long time to bring solutions to retirees and results in significant expenses for the institution.
The keys to rents subsidized by the BPS
The subsidies from the Social Security Bank, which will be applied in eight locations in the country until the end of the year, aim to reduce unsatisfied demand in the sector by up to 50% in a shorter period of time and are aimed mainly at retired and low-income pensioners.
According to the pilot plan, around 100 solutions will be awarded. rent for those retired who meet the necessary objective conditions and who are currently on the waiting list for the current Housing Program.
Applicants for the subsidy will be able to present housing solutions that they are interested in renting or choose between available BPS options.
This subsidy will be complete and with a maximum limit established from average rental rate prepared by the National Institute of Statistics (INE) and the average rents in each location.
This alternative, in addition to being faster—since it involves, for example, direct negotiation with the owners by the BPS—is less expensive, Cabrera said, since currently, the average rental cost per year is $5,500. “It is a much more efficient use of State resources that will allow reduce unmet demand by 50% in much shorter terms,” he added.
Source: Ambito
