Fundación CASAS is a private, non-profit organisation created in 2024 to promote affordable rental housing.1 Its model is based on developing new-build homes without seeking promotional profits, with rents intended to reflect only production and maintenance costs.1
The organisation’s stated mission is to address unmet social demand by bringing homes to market at prices substantially below prevailing market levels.1 It aims to work with public authorities through public-private collaboration, particularly in connection with municipal or other public competitions for the transfer of land for affordable housing.1 The foundation also proposes initiating such land-transfer processes where legislation allows private initiative to do so.1
According to its stated model, it may offer rents below those of conventional developers and, in some cases, below the benchmark applicable to protected housing, provided that competition conditions are equal.1 Its long-term approach is to reinvest the capital generated by its activities in constructing additional affordable homes rather than distributing profits.1
Fundación CASAS says it cooperates with public- and private-sector entities to develop alternative housing-access models and quality residential buildings.1 Its team consists of professionals from the social-economy sector, supported by residential-sector companies and specialists.1 External support includes an insurance brokerage advising on construction, completed-building and tenant-related insurance, as well as guarantees for public administrations.1 A property manager and maintenance provider is responsible for occupancy and building upkeep throughout the land concession period, after which the asset is intended to return to the public patrimony in good condition.1 Financing support includes ICO credit lines and potentially other subsidies.1
The organisation lists its office at Calle Princesa 29, 3º Derecha, 28008 Madrid, Spain.1 No...