The European Alliance for Sustainable and Inclusive Social Housing

24-01-2023

Already involved in the energy renovation of housing, particularly social housing, the European Investment Bank (EIB) and Caisse des Dépôts are stepping up their investment in the sector with €1 billion financing line to accelerate the thermal renovation projects of social housing organizations (SHOs). The aim is to complement the Banque des Territoires’ Eco-Loan, so that all social housing organizations can access fixed-rate loans. In this case, the aim is to implement the national integrated energy-climate plan, which aims to renovate 500,000 homes per year, including 100,000 social housing units, and all homes identified as thermal flats. The envelope of one billion euros of loan will be released in two times, at the end of 2021 and in 2022. This envelope should help to fund the renovation of approximately 70,000 social housing units throughout the country, for an expected reduction of at least 40% in the primary energy consumption of buildings.

The implementation of this line of loans is part of the European Alliance for Sustainable and Inclusive Social Housing. This alliance was formalized by a partnership agreement signed on September 15, 2020 between USH (Union sociale pour l’habitat), Banque des Territoires, EIB and Council of Europe Development Bank (CEB).