Release date: 4 August 2016
Promoter – Financial IntermediaryWONINGSTICHTING EIGEN HAARD
The project concerns retrofitting of existing units and new construction of energy-efficient rental social housing by Woningstichting Eigen Haard in the years 2016-2020.
The proposed loan will concern the financing of defined sub-projects of an investment programme of new construction of rented social and affordable housing, and potentially also some retrofitting, by a large regulated social housing company which operates in the Amsterdam metropolitan area. The housing investments to be funded will need to satisfy the EIB's eligibility criteria for urban renewal and sustainable cities and communities. The project will contribute to alleviating the shortage in Amsterdam's housing supply for low-income households.
Proposed EIB finance (Approximate amount)
EUR 250 million
Total cost (Approximate amount)
EUR 477 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 - 14/07/2017
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).