Overview
- EMVS opened online registration for the Iberia Loreto 1 draw, with applications due June 11 on emvsmadrid.es and a notary-run lottery planned for late June.
- Monthly rents will run about €700 to €1,000 and the city caps each tenant’s payment at 30% of household income.
- The lottery targets residents aged 18 to 50 with at least five years on Madrid’s registry and incomes between 3.5 and 5.5 times IPREM, which reaches about €68,000 for a two‑child family.
- Applicants are barred if anyone in the household owns another home in Spain or has recent convictions related to squatting, rent nonpayment, or eviction for conduct within the past five years.
- The Barajas block offers two and three bedrooms with adapted units, a set-aside for large families, and parking, and the rollout drew criticism from PSOE and Más Madrid over higher income limits and site selection as the city says most future projects will keep lower caps and a few may go up to €92,500.