The project is being implemented under the Recovery Fund program “Social Housing for the Most Vulnerable Groups,” which repurposes inactive housing stock and makes it immediately available for occupancy.
To date, 30 renovated apartments have been delivered, and the first beneficiaries are now beginning to move in. The Ministry aims to complete all 40 units by the end of March 2026.
Eligible beneficiaries include vulnerable households, such as homeless individuals, those facing housing insecurity, single-parent families, and survivors of gender-based violence. This initiative is part of the government’s broader housing and social policy framework, designed to strengthen social cohesion.
The program provides low-rent housing to people in urgent need. It is implemented in collaboration with the Ministry of Social Cohesion and Family, the Municipality of Thessaloniki, and MATH S.A., which manages the program’s execution.
Originally, the program encompassed 30 housing units, with an additional 10 units added in September 2025, bringing the total to 40.
The Municipality of Thessaloniki contributes seven of its own properties and oversees these alongside other apartments in the program. Additional units are provided by other municipalities and organizations, including the Municipalities of Ampelokipoi–Menemeni, Pavlos Melas, and Sintiki Serres, as well as local foundations and institutions.
The program is financed by the Recovery and Resilience Facility with €1.1 million. Funds are used to locate, renovate, and enhance the energy efficiency of the units, which are then allocated based on social eligibility criteria.
Renovations are designed to reduce residents’ expenses and to promote environmental sustainability.
Lease terms can extend up to eight years, starting with a four-year contract and the option to renew for an additional four years.
Rents are up to 70% lower than market rates. They are calculated using a specialized system that takes into account each property’s value, size, and characteristics, ensuring affordability while preserving the program’s social mission.