HE youth rental coupon In Spain it has become a vital tool to facilitate young people’s access to housing. With the arrival of 2024, this aid, which offers economic support to those who want to become independent or maintain their rent and has been renewed under the autonomous community, promises financial relief for many people.
Youth rental voucher is aimed at young people Their ages range from 18 to 35. This age range aims to cover both those taking their first steps towards independence and those who are already involved in the labor or education market but still find it difficult to face rental costs in the current economic context.
What you need to claim the youth rental voucher
Young people who want to apply for a youth rental voucher must meet a number of conditions:
- Age. Be between 18 and 35 years old when applying for a youth rental voucher.
- Income. Do not exceed the income limit set by the program, which is usually a maximum of three times the IPREM (Public Income Indicator of Multiple Impacts). For now, IPREM is at the level of 600 Euros per month for 2024. This is adjusted by the number of people making up the family unit and may vary slightly depending on the autonomous community.
- Prove income from business.
How much is the youth rental bonus amount?
Teen rental voucher offers financial assistance up to 250 euros per month. The duration of this financial assistance is a maximum of two years, as long as the conditions for granting it continue. So the maximum amount you can receive will be a total of 6,000 euros divided by 250 euros per month for two years.
You should also remember that this monthly housing rent must be up to 600 Euros per month, and if the rent is for the room, it will be 300 Euros. The Ministry of Housing’s website states that, with prior approval by the Monitoring Commission, this amount can be 900 euros per month or 450 euros for room rental.
Finally it states that The youth rental bonus is eligible for the State Plan up to 40% of the difference in the rent of the house. and with the help of the youth rental bonus, which has a common limit of 75% of rental income.
This youth rental voucher is processed through autonomous communities so that they can contribute up to 40% of rental income according to the following criteria:
-
Number of people in the co-living unit
-
Cohabiting unit income
-
Rental market tension in the municipality or surrounding area
-
disabled people
-
Other criteria
If you click on the map you can see the different websites that organize this bonus for each autonomous community.
How to claim a youth rental bonus
Youth rental voucher application process varies slightly from one autonomous community to anotherGiven the decentralized management of this program. However, generally speaking, applicants must submit the application through the platform or organization designated by their autonomous community, along with the required documentation, which usually includes:
-
DNI or NIE.
-
The rental agreement of the house for which assistance is requested.
-
Declaration of the applicant’s income.
-
Registration certificate and telephone service type contracts are not sufficient.
It is important to pay attention to the call dates of each autonomous community, as there are usually specific deadlines for the submission of applications.