Social Housing Management
Sogeviso
Since its creation in 2015, Sogeviso, a subsidiary of Banco Sabadell, has been managing the complex issue of social housing for its vulnerable customers, in order to responsibly address situations of social exclusion and the loss of a primary residence following mortgage enforcement proceedings. It is also responsible for dealing with the impact that this situation can have on the Bank, through interactions with customers, the government and social organisations.
In 2024, Sogeviso started up a new business line for non-Group customers, focused on integrated management of newly constructed affordable rental stock associated with public-private partnership models. As a result of this initiative, over the year it has completed the deployment of Lot III of the Community of Madrid’s “Plan Vive” and has actively participated in several housing tenders organised in Catalonia, Madrid, the Community of Valencia and Aragon.
- Social Housing Management Model:
Through an innovative social impact programme, a social/affordable rent is offered, and the customer is given the option of joining a social support plan, geared towards improving the socio-economic situation of the family unit. This management model also contemplates the possibility of being involved in an employability programme (JoBS) in collaboration with public and private companies.
Figures (Data as of 31/12/2024 and accumulated since 2016)
- Recognitions:
On 24 March 2021, Sogeviso became the first Spanish social housing management company to obtain the prestigious international B-Corp certification. This certificate attests Sogeviso’s social and environmental impact, and ratifies its high standards of ethics, transparency and social responsibility.
On 28 October 2021, on the strength on its Support Programme for the socio-economic improvement of vulnerable families, Sogeviso won the first prize in the Large Organisation category, awarded by Club Excelencia en Gestión, as part of the IVth Awards for Good Management Practices during its XXVIII Annual Forum.
On 14 March 2023, Sogeviso was awarded the Social Inclusion seal of distinction, in the category of social and labour market integration, given by the Ministry of Inclusion, Social Security and Migrations. This seal is awarded to institutions or companies engaging in activities that help those receiving the minimum living income (ingreso mínimo vital) from the State, helping them to move from a situation of poverty and exclusion to taking a more active role in society.
On 21 November 2023, Sogeviso received a SERES award for its socially responsible housing management. Its Social Contract was recognised by the SERES Foundation as one of the corporate actions that help to improve society and to bridge the existing gap with the most disadvantaged social groups. With this distinction, Sogeviso was recognised as Spain’s first real estate company to focus on people for responsible and sustainable management of housing.
More information about Sogeviso https://www.sogeviso.com/
Fondo Social de Viviendas (Social Housing Fund)
Since 2013, the Bank has been a participant of the Social Housing Fund (Convenio del Fondo Social de Viviendas, or FSV), contributing to this initiative in 2024 with 419 properties primarily aimed at customers who have had to surrender their properties to settle their debt or who have lost their properties through foreclosure proceedings from January 2008. At the request of the Spanish Ministry of Economy, Trade and Enterprise, in January 2024 the Bank renewed its commitment to the initiative for a further year.
Current status (31/12/24) of the portfolio of 419 properties for rent under the terms of the Fondo Social de Viviendas (Social Housing Fund)
- Information on the Fondo Social de Viviendas. (Spanish version)
- Interbank website to view and/or request available properties provided by all FSV participating banks: www.fondosocialdeviviendas.es
- For more information: 0901AdminFondoSocialViviendas@bancsabadell.com