ICO finances €11.5 million for the development of 88 protected rental homes in El Doctoral

Aurora Homes receives the loan for the VPO housing project in Santa Lucía de Tirajana, with construction already underway.

Generic image of a housing construction site in the Canary Islands.
IA

Generic image of a housing construction site in the Canary Islands.

The Official Credit Institute (ICO) has granted a loan of €11.5 million to Aurora Homes for the construction of 88 protected rental homes in the El Doctoral area of Santa Lucía de Tirajana.

The ICO thus promotes the social and affordable housing stock nationwide, collaborating with the private sector. The development, named Sidoria, is located between Garafía street and Camino de la Madera and will feature homes with 1, 2, and 3 bedrooms, as well as parking spaces and storage rooms. Its strategic location near Vecindario, with direct access to the GC-1, places it 12 minutes from the airport and 30 minutes from Las Palmas de Gran Canaria, close to essential services.
The project, which anticipates the completion of works by the first quarter of 2028, will incorporate sustainability and energy efficiency criteria. The construction, carried out by Constructora San José, began in 2025 and is currently in the structural phase.
The initiative by Aurora Homes, with a total investment of €16.6 million, also benefits from a subsidy of €2.5 million from the Canary Institute of Housing (Icavi). This support underscores the importance of public-private collaboration in expanding the supply of protected rental housing in high-demand municipalities like Santa Lucía de Tirajana.