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Gaia Acquires 150 Housing Units for Young People, the Middle Class, and Vulnerable Families

24 August 2026  | Source: Facebook | Câmara Municipal de Vila Nova de Gaia

Gaia Acquires 150 Housing Units for Young People, the Middle Class, and Vulnerable Families

In a statement posted on social media, the Municipality explains that “at the beginning of the term, these projects were at a standstill, lacked financial viability, and were at risk of losing European funding,” and notes that this administration “corrected the contractual nonconformities and safeguarded the PRR (Recovery and Resilience Plan), ensuring that the keys will be handed over as early as October.”

PRR implementation rises from 2.2% to 74.3%

This management approach has resulted in the recovery of EU funds. The non-repayable grant (63 million euros) rose from a meager 2.2% implementation rate in September 2025 to 74.3% in August 2026, raising the overall implementation rate of the PRR—which had been below 4%—to over 30%.

An additional 2,500 housing units planned

Alongside the renovation of public housing, preparations are underway to launch calls for bids to make available, over the next two years, 2,000 affordable rental units and at least 500 public housing units.

Image credits: © Suzi Kim | Unsplash

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