ICO successfully registers mortgage for affordable rental housing after appealing to Alicante registrar
08 Jul 202637 views
Who is affected:
Real estate developers, public and private financial entities financing affordable housing
Summary
The Official Credit Institute appealed the Alicante registrar's refusal to register several clauses of a corporate mortgage for building social rental housing. The General Directorate resolves the appeal clarifying which clauses are registrable.
Detailed analysis
PRO
The ICO formalized a corporate mortgage on a surface right in San Juan de Alicante to finance an affordable social rental housing promotion within the ICO Housing Program 2022-2025. The registrar registered the mortgage but suspended numerous clauses considering them personal, informative or without real significance. …
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