Search En menu European Investment Bank ClientConnect
Top 5 search results See all results Advanced search
Top searches
Most visited pages
    Reference: 20180203
    Release date: 10 May 2019

    Promoter – Financial Intermediary




    The project consists of the financing of a construction programme of affordable housing in the French region of Ile-de-France.


    The project aims to alleviate the shortage of rental housing at affordable rents around the city of Paris and thus to increase the supply of affordable housing available to the middle income households, who find it increasingly difficult to find appropriate housing in the vicinity of their workplace.


    By contributing to bridge the significant gap between supply and offer of affordable housing in Ile-de-France, the project will support social inclusion.


    Proposed EIB finance (Approximate amount)

    EUR 310 million

    Total cost (Approximate amount)

    EUR 500 million

    Environmental aspects

    The EIB financing will support construction of housing units which will be conform to RT2012 (the French energy efficiency regulation for buildings), therefore this project will have a positive impact on the achievement of France's national energy efficiency targets. The competent authority will have to determine whether each subproject is subject to a full Environmental Impact Assessment (EIA) procedure according to the EIA Directive 2014/52/EU amending the EIA Directive 2011/92/EU. Further details on the screening decision, the environmental permitting status, the proximity and potential impact of each subproject to natural conservation areas, according to the Habitats and Birds Directives (92/43/EEC and 2009/147/EC respectively), and on other aspects of the environmental impact assessment will be clarified during the appraisal.


    The Bank will require the promoter to ensure that contracts for the implementation of the project will be tendered in accordance with the relevant applicable EU procurement legislation, Directive 2014/24/EU, where applicable, as well as Directive 89/665/EEC as interpreted by the Court of Justice of the EU, with the publication of tender notices in the Official Journal of the EU, as and where required.


    Signed - 23/12/2019


    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).

    Related tags

    France Urban development