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Signature(s)

Amount
€ 500,000,000
Countries
Sector(s)
France : € 500,000,000
Credit lines : € 500,000,000
Signature date(s)
12/10/2023 : € 500,000,000
Link to source

Summary sheet

Release date
4 May 2023
Status
Reference
Signed | 12/10/2023
20220485
Project name
Promoter - financial intermediary
CDC BOOSTER LOGEMENT SOCIAL MBIL
CAISSE DES DEPOTS ET CONSIGNATIONS
Proposed EIB finance (Approximate amount)
EUR 500 million
Location
Sector(s)
Description
Objectives

Prêt intermédié multi-bénéficiaires (MBIL) pour le financement de la production de logements sociaux en France.

L'objectif de ce prêt est de soutenir les différents organismes de logements sociaux en France dans leurs opérations de production neuve de logements sociaux entre 2023 et 2026. Ils bénéficieront du déploiement d'un prêt intitulé « Booster », initié en juillet 2018 par la Banque des Territoires (groupe CDC), aux caractéristiques financières élargies et plus proches de leurs besoins de financement. L'enveloppe MBIL de la Banque, qui a pour objet de financer ces prêts Booster, portera sur un volume de EUR 500m.

Additionality and Impact

The Project is in line with the provisions of the 2022 Nice Declaration on Housing, the 2020 New Leipzig Charter, the EU Urban Agenda, and the EIB Urban Lending Review. Furthermore, it is aligned with the Bank's Energy Lending Policy for new buildings and the EIB's climate action objectives.

 

The Project strengthens the EU's economic, social and territorial cohesion and promotes progress towards multiple Sustainable Development Goals. It also contributes to sustainable urban development, urban renewal and prevention of urban sprawl.

 

The Project addresses several market failures, in particular i) the lack of available social housing supply as the market does not sufficiently cater for the demand of low-income households and ii) sub-optimal investment flows into highly energy efficient and resilient new buildings. 


The objective of the operation is to support social housing entities in France in their housing production, enabling CDC to complement its variable-rate loan offer. The operation is expected to support the production of around 33 000 social housing units.

 

The resource provided by the EIB will contribute to the countercyclical role of CDC, offering a maturity beyond the tenor available on the market as well as flexible conditions, thereby enhancing access to fixed-rate financing at improved terms.

Environmental aspects
Procurement

Les bénéficiaires finaux devront se conformer à la législation nationale et européenne pertinente en vigueur.

Les bénéficiaires finaux devront se conformer à la législation nationale et européenne pertinente en vigueur.

Milestone
Under appraisal
Approved
Signed
11 July 2023
12 October 2023
Link to source
Other links

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) - CDC BOOSTER LOGEMENT SOCIAL MBIL
Publication Date
19 Jul 2023
Document language
Main Topic
Lending
Document Number
166499468
Document Focus
Environmental Information
Project Number
20220485
Sector(s)
Regions
Countries
Publicly available
Download now

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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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