HIFB SOZIALES UND NACHHALTIGES WOHNEN HAMBURG

Promoter – Financial Intermediary

HAMBURGISCHE INVESTITIONS- UND FOERDERBANK

Location

• Germany

Description

The operation concerns the financing of rented social housing in the federal state of Hamburg.

Objectives

The operation will contribute to the provision of additional newly-built social housing in the federal city-state of Hamburg to alleviate housing shortages for low income households. The investments will need to satisfy the EIB's eligibility criteria for integrated urban development.

Sector(s)

• Urban development - Construction

Proposed EIB finance (Approximate amount)

EUR 50 million

Total cost (Approximate amount)

EUR 167 million

Environmental aspects

Compliance with the relevant EU Directives will be verified during appraisal: EU Environmental Impact Assessment (EIA) Directive 2011/92/EU as amended by 2014/52/EU, EU Strategic Environmental Assessment (SEA) Directive 2001/42/EC, EU Habitats Directive 92/43/EEC and EU Birds Directive 2009/147/EC. Applicable energy efficiency requirements in line with the EU Directive on the Energy Performance of Buildings 2010/31/EU will also be further assessed during project appraisal.

Procurement

Final beneficiaries under the framework loans will be housing companies and private entities or persons. The Bank will require the promoter to ensure that contracts for the implementation of the project have been/shall be tendered in accordance with the relevant applicable EU procurement legislation (Directives 2004/18/EC or 2014/24/EU) as interpreted by the Court of Justice of the European Union, with the publication of tender notices in the Official Journal of the European Union, as and where required.

Status

Signed - 29/06/2018