THFC Urban Renewal V

Promoter – Financial Intermediary

The Housing Finance Corporation Limited, a dedicated, not-for-profit financial intermediary and lender to the UK social housing market.

Location

• United Kingdom

Objectives

Financing of small and medium sized urban regeneration projects undertaken by regulated UK Housing Associations.

Comments

Construction

Sector(s)

• Urban development

Proposed EIB finance (Approximate amount)

Up to GBP 150 million

Total cost (Approximate amount)

Not applicable

Environmental aspects

Compliance with EU environmental directives and national laws shall be ensured. Given the scale, location and nature of the sub-projects – modernising, rehabilitation and new construction of social housing and associated social and urban infrastructure in mostly built-up urban areas – it is unlikely that an EIA would be required in most cases.

Procurement

Compliance with the EU procurement directives and national laws shall be sensured.

Status

Signed - 14/11/2008