ICO direct investor finance accepts applications 1 September 2026–31 December 2035, or earlier published resource exhaustion. Borrower is a Spanish exclusive-purpose capital holding company owning the stabilised asset or exploitation right (art. 6); a new SPV is possible but control-group solvency, experienced professional management, positive recurring operating income and satisfactory credit categoryBB or better are required.
Art 7 requires protected affordable-rental housing, stabilised occupation, valid mortgageable title, conservation/replacement reserves and environmental validation. General amortising loan has maximum 28 years and debt-service cover≥1.25; exceptional 7-year bullet requires a qualifying control change within 3 years and at least 40 years remaining asset life. Aggregate debt normally≤75% eligible asset value; no unconditional euro cap is inferred.
This is market-price repayable holding finance, not a grant or cooperative member-share loan. Temporary land-title maturity and a 5-year clean tail constrain loan duration. Confirm current general conditions and apply through the official ICO electronic financing route; credit approval/resources remain necessary.