Signature(s)
Summary sheet
- Urban development - Construction
The operation consists of a Framework Loan to Intesa Sanpaolo to support their lending activity to providers of social, affordable, and student rental housing solutions.
The aim is to support affordable housing, including student accommodation, and the energy upgrade of the related buildings.
The Project comprises the construction of a mix of some 5000 new and renovation of affordable and student housing units contributing to the promotion of Integrated Urban Development in Italian cities. The investment schemes will be part of well-defined integrated local urban development plans and will facilitate the development of sustainable communities, while contributing to the promotion of social mix and addressing the high demand for social housing in Italian cities. It will contribute to a more balanced local residential market along with a larger housing supply in Italian cities, thereby addressing the existing need stemming from low and middle-income households. The EIB financing will tackle the market gap resulting from an insufficient affordable housing supply by offering a long maturity at attractive financing costs, needed to keep rent levels low.
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.