Government spokesman Joan Flaquer said yesterday that the grant will cover up to 9'000 euros for refurbishment and a maximum of 2'880 euros a year towards the rent, for tenants with an income of less than 15'792 euros a year.
Tenants must have lived in the Balearics for at least five years, and the subsidy cannot cover more than 40 percent of the annual rent.
Depending on the number of requests, the Balearic public works, housing and transport ministry will restrict the aid to particular groups, and priority will be given to young people under the age of 35.
The grants for refurbishment are limited to flats with an area of 120 square metres and the owner must agree to let it for at least five years. Two thirds of the aid for refurbishment comes from the central government.
Flaquer said that the government wanted to improve the housing market and make it easier for young people to find a home.
The public works ministry has set a maximum of 6'000 euros for grants to improve access to flats, although this part of the budget cannot exceed 50 percent of the cost of refurbishment. These grants include the elimination of barriers carried out by owners or tenants as well as work carried out by communities of owners to improve access to the building.
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