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    Signature(s)

    Amount
    € 100,000,000
    Countries
    Sector(s)
    Austria : € 100,000,000
    Urban development : € 100,000,000
    Signature date(s)
    29/03/2019 : € 50,000,000
    20/05/2019 : € 50,000,000
    Link to source

    Summary sheet

    Release date
    10 October 2018
    Status
    Reference
    Signed | 29/03/2019
    20180501
    Project name
    Promoter - financial intermediary
    AFFORDABLE HOUSING ERSTE BANK
    ERSTE BANK DER OESTERREICHISCHEN SPARKASSEN AG
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 100 million
    EUR 200 million
    Location
    Sector(s)
    Description
    Objectives

    The "Framework Loan" will finance the construction of social housing (gemeinnütziger/geförderter Wohnraum) in Austria, in the period 2018-2023. Final beneficiaries under this operation - intermediated by Erste Bank - will be municipalities, not for profit and commercial companies/private entities.

    The objective is to meet the high-demand of an increasing number of people that cannot afford adequate housing, expecially in the cities. The operation will also improve living conditions of the local population and the attractiveness of urban spaces and related architecture.

    Environmental aspects
    Procurement

    Compliance with the relevant EU Directives will be verified during appraisal: EU Environmental Impact Assessment (EIA) Directive 2014/52/EU amending the EIA Directive 2011/92/EU, EU 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 appraisal.

    The promoter is a private company not operating in the utilities sector and not having a status of a contracting authority. Thus, it is not covered by the EU Public Procurement Directives. However, the housing projects will be developed by final beneficiaries (non-profit housing development companies, commercial property companies, local authorities) some of which (i.e. local authorities) will fall under public procurement rules. The Bank will require the promoter to ensure that final beneficiaries falling under the EU Public Procurement Directives comply with the EU Public Procurement Directives.

    Link to source

    Disclaimer

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

    Documents

    Environmental and Social Data Sheet (ESDS) - AFFORDABLE HOUSING ERSTE BANK
    Publication Date
    25 May 2019
    Document language
    Main Topic
    Lending
    Document Number
    87213810
    Document Focus
    Environmental Information
    Project Number
    20180501
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now

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