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Summary sheet

Release date
11 October 2025
Status
Reference
Under appraisal | 21/07/2025
20250347
Project name
Promoter - financial intermediary
REG EMILIA-ROMAGNA SOCIAL & AFFORDABLE HOUSING
REGIONE EMILIA ROMAGNA
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 200 million
EUR 300 million
Location
Sector(s)
Description
Objectives

The project involves the refurbishment of up to approximately 3,500 units—a figure that will be finalised based on the implementation activities carried out by the Emilia-Romagna Region.

The primary objective of the operation is to address the growing demand for affordable housing among individuals who are unable to access adequate accommodation—particularly in urban areas across the Emilia-Romagna Region. In addition to expanding housing availability, the initiative aims to enhance living conditions for local residents, improve the appeal of urban spaces, and elevate the quality of surrounding architecture.

Environmental aspects
Procurement

Compliance with the relevant EU Directives will be verified during the appraisal: the EU Environmental Impact Assessment (EIA) Directive 2011/92/EU, the EU Strategic Environmental Assessment (SEA) Directive 2001/42/EC, the EU Habitats Directive 92/43/EEC and the 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 has been assessed by the EIB as Regional Authority being subject to EU rules on public procurement or concessions. The promoter shall ensure that contracts for implementation of the project will be tendered in accordance with the applicable EU procurement legislation, including Directive 2014/23/EU / 2014/24/EU / 2014/25/EU as well as Directive 92/13/EEC or Directive 89/665/EEC as interpreted by the Court of Justice of the EU, with publication of tender notices in the EU Official Journal, as and where required.

Milestone
Under appraisal

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).

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.

Media enquiries

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 Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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