Release date: 18 November 2024
Promoter – Financial Intermediary
CDC HABITATLocation
Description
The project will finance the promoter's construction programme for approximately 3,470 affordable and energy-efficient housing units (resource-tested rental housing) to be located in urban areas with high rental tension. This is part of a broader plan to support the construction sector announced in spring 2023 by the CDC Habitat group.
Objectives
The aim is to increase the supply of affordable housing for medium income households in France. The investments will also contribute to urban regeneration and renewal. Part of the investment programme will contribute to new highly energy efficient affordable rental housing.
Sector(s)
- Urban development - Construction
Proposed EIB finance (Approximate amount)
EUR 500 million
Total cost (Approximate amount)
EUR 1050 million
Environmental aspects
Where and if applicable, and based on a risk-based approach as defined in the EIBG E&S Policy, the requirements of the Environmental Impact Assessment (EIA) Directive 2011/92/EU (as amended by EIA Directive 2014/52/EU), Birds Directive 2009/147/EC and Habitats Directive 92/43/EEC will be checked during appraisal. The project is expected to contribute to climate action and environmental sustainability (CA&ES) objectives, in particular to climate mitigation through energy efficiency performance beyond the EU Energy Performance of Buildings (EPBD) Directive 2010/31/EU of the European Parliament and of the council of 19 May 2010 on the energy performance of buildings amended by Directive (EU) 2018/844.
Procurement
The promoter has to ensure that contracts for implementation of the project will be tendered in accordance with the applicable EU procurement legislation, Directive 2014/24/EU as well as 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.
Status
Under appraisal - 9/07/2024
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).