€4.9 Million Invested in Água de Pena Housing Complex
The regional government of Madeira is advancing a significant housing initiative in Água de Pena, Machico. The project aims to address the pressing need for affordable housing in the region. Announced as part of the Recovery and Resilience Plan (PRR), it highlights the government’s commitment to support local residents in accessing suitable living accommodations.
About the Água de Pena Housing Complex
The Água de Pena housing complex is designed to provide modern living spaces. It will feature a total of 24 residential units. This includes:
- 12 one-bedroom apartments (T1)
- 12 two-bedroom apartments (T2)
Each apartment type will be accompanied by an equal number of parking spaces and storage facilities. The design encompasses a construction area of 3,000 square meters.
Investment and Development
The total investment for the Água de Pena housing complex is over €4.9 million. This funding falls under the public tender for acquiring controlled-cost housing, underscoring the government’s efforts to make housing more accessible.
The project is spearheaded by Investimentos Habitacionais da Madeira, indicating a strategic approach to enhance the housing landscape in Madeira. Regional President Miguel Albuquerque visited the construction site on January 29, providing insights into the project’s significance for the community.
Community Impact
The Água de Pena complex aims to meet the growing demand for affordable housing within the Autonomous Region of Madeira. As part of a broader initiative, it reflects the ongoing relationship between governmental efforts and community needs.
Through investment in housing projects like Água de Pena, the government is making strides towards creating sustainable living environments in Madeira, supporting local families and enhancing community welfare.
