During a speech at the Lisbon City Council, Fernando Medina said that the new competition would be open until 31 October.
"Let's go to the market to rent houses, and then rent those houses at a more affordable price to families," he said.
In the first Renda Segura contest, which ended at the beginning of July, the municipality rented 177 houses, at an average value of 723 Euros, of which 45 came from local accommodation and 83 were furnished houses, the municipality said at the time.
Through Renda Segura, the Lisbon City Hall intends to rent houses to private owners and sublet them in the Affordable Rental Income Programme, in which the contracts have to be for a period of five years or more.
In the first call for tenders for the "Renda Segura" (Secure Income), property applications were submitted in all 24 parishes of the city of Lisbon, with special focus on Santa Maria Maior (21 properties), São Vicente (21), Ajuda (13) and Arroios, Beato and Penha de França (10 each parish), revealed the municipality.
In terms of typology of the 177 properties, the majority were T2, with 72 houses, followed by T1, with 42 dwellings, T3 (36), T0 (15), T4 (11) and T5 (01), also according to data provided by the Lisbon City Hall.