The Salvacasa Fund is an idea that originated a few years ago while observing what began to happen to homeowners facing foreclosure on their primary residences after the 2009 financial crisis: a constant and progressive decline in residential real estate values, especially in peripheral areas, which prevents these debtors from realizing a value that would allow them to recover an amount exceeding their debt, useful for starting anew by renting a new residence.
We have therefore devised a solution, which we named the Salvacasa Fund, defined as a social yield cushion. In essence, it would be a social housing fund that intervenes based on well-defined criteria, taking into consideration the state of need, especially when the property being auctioned is the primary residence.
During the discussions initiated on various fronts, Guber came into contact with a working group that is working on a similar project, called ‘Snowdrop,’ which aims to ‘break through the frost of the social crisis.’
Guber immediately joined this project because… unity is strength.