Development in Mestre Joan Corrales street, in Esplugues de Llobregat | Photograph: Jordi Surroca
In the economic context that has marked the period 2011-2015, public local companies working on land development and housing have had to cope with budgetary constraints affecting public assets of land and housing of local ownership. In this context, the AMB has developed a strategy to support these organisations, so that they can strengthen their operations and preserve the model of metropolitan territorial cohesion.
Within the Plan to support town councils, the programme to support municipal housing companies considers thst the IMPSOL can sign contracts with the option to purchase certain assets of these entities. Revenues that stem from these contracts guarantee the financing needs to keep the local public heritage of land and housing, and also to implement new developments and construction of social housing projects. At the end of the agreed term, companies should decide whether they buy back the right to the AMB/IMPSOL or the sale is carried out for the price initially agreed.
The programme concerns the following 100% municipally owned companies: GTI (Gavà), Procornellà (Cornellà de Llobregat), Promusa (Sant Cugat del Vallès,) Promunsa (Sant Just Desvern), VIMED (Viladecans) and Gramepark (Santa Coloma de Gramenet).
The programme implementation is responsibility of IMPSOL, a directly managed body of the AMB.