Creation of a social & affordable housing Investment Platform

Description

Context

The agreement has been signed in June 2018 that aims financing social and affordable housing projects in Spain.

The operation consists of supporting promoters (both public and private companies) operating in the social and affordable housing sector. Investments under this operation will mainly include new constructions and rehabilitations, energy efficiency improvements and accessibility measures in social and affordable housing.

Implementation: by the national promotional bank, Instituto de Credito Oficial

Results

Sub-projects under implementation:

Madrid social housing (€49 million)

The project concerns the construction of new social housing units and the energy rehabilitation of existing housing stock in the region of Madrid, where demand for social housing is unmet. The project will contribute to the climate action priorities of the Union and the energy efficiency target of Spain.
More info: http://www.eib.org/en/projects/pipelines/pipeline/20180337

Zaragoza new energy efficient housing (€40 million)

The operation consists of an investment platform developed in cooperation with the Instituto de Crédito Oficial (ICO), the Spanish National Promotional Bank, to support promoters (both public and private companies) operating in the social and affordable housing sector. Investments under this operation will mainly include new constructions and rehabilitations, energy efficiency improvements and accessibility measures in social and affordable housing. More info: http://www.eib.org/en/projects/pipelines/pipeline/20170910

Scale

national

More information

EFSI financing: € 300 million (project total cost: € 600 million)

http://www.eib.org/projects/pipelines/pipeline/20170769