The Spanish government has approved the transfer of more than 40,000 homes and approximately 2,400 plots of land from Sareb, the state-owned 'bad bank,' to Sepes, the newly established public housing company. This move aims to expand the public housing stock and promote affordable rental housing. The transferred land has the potential to support the development of an additional 55,000 affordable rental units. The government plans to make 13,000 of these public homes available to citizens in the coming months and has called on regional authorities to collaborate in tripling investment in the public housing sector. Sareb will continue operating in liquidation beyond 2027, with a requirement to vacate properties before their transfer to Sepes to prevent unauthorized occupation. Sepes will prioritize selecting the best assets for transfer, deferring the handover of social housing units to later stages.