Social Housing Management
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.
- Social Housing Management Model:
Through an innovative Social Impact programme, a social/affordable rent is offered, and the customer is granted the possibility of adhering to a support plan. This management model also contemplates the possibility of participating in an employability programme (JoBS) in collaboration with public and private companies and since 2021 a programme aimed at bridging the digital divide.
Figures (Data as of 31/12/2022 and accumulated since 2016)
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.
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 Convenio del Fondo Social de Viviendas (FSV), or Social Housing Fund, an initiative implemented by the government of Spain to enhance the protection of mortgage debtors. Sabadell has contributed to this initiative with 440 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 since January 2008. At the request of the AEB, the Bank has renewed its commitment to the signed agreement year by year.
Current status of the portfolio of 440 properties for rent under the terms of the Fondo Social de Viviendas (Social Housing Fund)