13 May 2016
Promoter – Financial Intermediary
GENESIS HOUSING ASSOCIATION LTD
Investments to support new construction and regeneration-based social and affordable housing developments in the south-east of England
The project concerns the financing of investments in the years 2016-2020 in the social and affordable housing assets of Genesis Housing Association Ltd. EIB funding will benefit the retrofitting and new construction of social and affordable housing as well as associated infrastructure facilities.
Proposed EIB finance (Approximate amount)
GBP 86 million (EUR 101 million)
Total cost (Approximate amount)
GBP 700 million (EUR 823 million)
Compliance with the relevant EU directives will be verified during appraisal: Environmental Impact Assessment (EIA) Directive 2011/92/EU, Strategic Environmental Assessment (SEA) Directive 2001/42/EC, Habitats Directive 92/43/EEC and Birds Directive 2009/147/EC. The status of any environmental studies and public consultations related to the urban renewal, upgrading and construction investments will be reviewed during project appraisal. Energy efficiency requirements in line with the EU Directive on the Energy Performance of Buildings 2010/31/EU will also be further assessed during project appraisal.
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 (Directives 2004/18/EC, or 2014/24/EU where applicable, and/or 2004/17/EC , or 2014/25/EU where applicable, and/or 2014/23/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.
Signed - 13/12/2019