Minister Luis Caputo will transfer the PROCREAR housing units to the municipalities.

The government of Javier Milei is moving forward with a historic transformation in housing policy. The Minister of Economy, Luis "Toto" Caputo, announced that the unfinished units from the now-defunct Procrear plan will be managed by the municipalities, which will have the authority to put them out to tender and allow the private sector to complete the works. This is a deep change in the model that seeks to leave behind the Kirchnerist paradigm of subsidized housing and replace it with a system based on macroeconomic stability, accessible credit, and private initiative.

The mayor of Tres de Febrero, Diego Valenzuela, was one of the first to confirm the measure. After meeting with Caputo, he announced the municipalization of the Procrear projects in his district, with the mission of completing them through the involvement of private companies. He explained that this shift responds to the need to definitively close "one of the most unfair and regressive programs in Argentina", which in practice "benefited activists and those close to power" and became a symbol of inequity and corruption.

"The State should not be a builder, but a facilitator. There is no better policy for accessing housing than a stable economy, with low inflation and accessible credit", stated Valenzuela, emphasizing that the decision is part of the economic reforms promoted by Milei that have already managed to tame inflation and restore market confidence.

The announced plan includes the completion of housing units in Martín Coronado, which will increase from 400 to more than 1,000 units. In addition, the incorporation of green spaces is planned, aiming to combine urban development with improvements in quality of life. They explained that municipalization will accelerate the delivery of housing, boost the construction industry, and create jobs.

For more than a decade, Procrear was presented by Kirchnerism as the great solution to the housing deficit. However, it accumulated cost overruns, delays, quality issues, and allegations of favoritism in the allocation of loans. According to Valenzuela, "Procrear was the perfect example of how populism destroys the economy and workers' hope."

With the transfer of the projects to the municipalities, the national government seeks to show an alternative path: housing units completed on time and as promised, more competitive prices, and a market that operates without the burden of centralized bureaucracy. Caputo made it clear that this model will be extended to other districts, where mayors will be able to replicate the experience of Tres de Febrero.