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Matosinhos requests €40 million loan for affordable housing construction

The Municipality of Matosinhos will request a €40 million loan to construct 500 affordable rental homes, prioritizing young people up to 35 years old.

29 August 2026Tagblick Newsdesk

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Archive photo: Matosinhos requests €40 million loan for affordable housing construction — Archive photoPhoto: Tiago Vasconcelos · Wikimedia Commons · Public domain

The Municipality of Matosinhos announced that it will request a €40 million loan to build 500 affordable rental homes. This information was shared by the mayor, Luísa Salgueiro, in statements to the Lusa news agency on Friday.

According to the mayor, one of the projects will be aimed exclusively at young people aged 35 and under. The municipality claims to have the execution capacity and strong teams to carry out this initiative.

Luísa Salgueiro also indicated that the municipality will not wait for authorization from the PSD/CDS-PP government to proceed with the loan request. Plans are already in motion and the municipality is confident in the execution of this project.

The mayor also highlighted that over €20 million of that amount could be recovered from the state, which would contribute to financing the construction works.

Regarding the timeline for the completion of the housing, it was mentioned that they will be ready within three to four years from the start of construction. This information is crucial for potential beneficiaries of the project.

The loan request reflects an effort by the municipality to address the need for affordable housing in the region, aiming to increase the supply for different age groups, with a special focus on the youth.

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