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    Signature(s)

    Amount
    € 200,000,000
    Countries
    Sector(s)
    Ireland : € 200,000,000
    Urban development : € 200,000,000
    Signature date(s)
    21/12/2016 : € 200,000,000

    Summary sheet

    Release date
    9 November 2016
    Status
    Reference
    Signed | 21/12/2016
    20160725
    Project name
    Promoter - financial intermediary
    HFA - IRISH SOCIAL HOUSING
    HOUSING FINANCE AGENCY PLC
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 200 million
    EUR 405 million
    Location
    Sector(s)
    Description
    Objectives

    The proposed framework loan to the Irish Housing Finance Agency (HFA) is to finance the retrofitting of existing rented social housing and the new construction of social housing, as well as related infrastructure projects throughout the country in the period 2017-2020. In the main, final beneficiaries will be local authorities and approved housing bodies that are responsible for implementing and managing social housing in their respective constituencies. The project may also include investments entailing the construction of student accommodation for rent on the campus of third-level institutions.

    The indicative pipeline of sub-projects identified at project appraisal stage anticipates a delivery of some 1,400 new social and affordable housing units and the retrofitting of approximately 708 existing units.

    Environmental aspects
    Procurement

    The project comprises a programme of investments in social housing by the Housing Finance Agency, a financial intermediary which finances Irish local authorities and approved social housing providers, entailing a mix of new-build construction and retrofitting of the provider's existing building stock. It will be required that all works are implemented in compliance with EU environmental legislation.

    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 (Directive 2004/18/EC, or 2014/24/EU where applicable, as well as Directives 89/665/EEC and 92/13/EEC) as interpreted by the Court of Justice of the EU, with publication of tender notices in the Official Journal of the EU, as and where required.

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Documents

    Environmental and Social Data Sheet (ESDS) - HFA - IRISH SOCIAL HOUSING
    Publication Date
    16 Mar 2017
    Document language
    Main Topic
    Lending
    Document Number
    71840395
    Document Focus
    Environmental Information
    Project Number
    20160725
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    Environmental and Social Completion Sheet (ESCS) - HFA - IRISH SOCIAL HOUSING
    Publication Date
    30 Dec 2020
    Document language
    Main Topic
    Lending
    Document Number
    134951123
    Document Focus
    Environmental Information
    Project Number
    20160725
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now

    News & Stories

    General enquiries and comments

    The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
    Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
    Alternatively, the EIB can be contacted through its external offices.
    Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

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    Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

    Complaints mechanism

    Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

    Zero tolerance against fraud and corruption

    The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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