The European Investment Bank (EIB) and the Barcelona City Council, through the Municipal Institute for Housing and Renovation of Barcelona (IMHAB), have signed a €113 million lending facility today to finance the construction of nine public social housing developments in the city, totaling approximately 640 new units. The IMHAB is a local public entity fully owned by Barcelona City Council and is responsible for the construction, management and promotion of public and sustainable housing in the city.