Do You Know What VIS Renewal Housing Is and Why It Doesn’t Qualify for Subsidies?
Urban Renewal: Transforming Spaces into Modern, Functional Environments
Urban renewal transforms deteriorated areas into modern, functional spaces, improving the quality of life for residents.
In this blog, we’ll discuss the features of VIS (Vivienda de Interés Social) Urban Renewal housing, its benefits, and how it differs from traditional Social Interest Housing.
What is VIS Urban Renewal Housing?
VIS urban renewal housing projects are built in areas with high potential, making use of existing infrastructure. This allows them to enjoy a prime location, close to main roads, schools, shopping centers, and public transportation stations.
Key Features:
- Strategic location in urban renewal sectors.
- Maximum price of 175 Current Legal Monthly Minimum Wages (SMMLV).
- Modern infrastructure with high architectural and quality standards.
- Not eligible for housing subsidies (according to Decree 949 of 2022).
- Delivered in shell condition (obra gris) and includes communal parking spaces.
Benefits of VIS Urban Renewal Housing
- Improves quality of life, offering modern spaces in growing neighborhoods.
- Boosts urban development by transforming disused industrial areas into renewed communities.
- Maximizes existing infrastructure, optimizing space and resources.
Difference Between Social Interest Housing and Urban Renewal Housing
Although both aim to make housing more accessible, there are key differences between them, including:
If you’re looking for the perfect opportunity to own a brand-new home in a modern environment with great appreciation potential, we invite you to discover Botánico, our urban renewal project located at Av. Rojas #63C-33.
Visit www.mendebal.com/proyectos/botanico and explore everything this project has to offer you.
Don’t miss the chance to move into your new home this year!