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    Signature(s)

    Amount
    € 50,000,000
    Countries
    Sector(s)
    Austria : € 50,000,000
    Urban development : € 50,000,000
    Signature date(s)
    16/07/2024 : € 50,000,000
    Link to source

    Summary sheet

    Release date
    23 February 2024
    Status
    Reference
    Signed | 16/07/2024
    20230663
    Project name
    Promoter - financial intermediary
    AFFORDABLE HOUSING SALZBURGER SPARKASSE
    SALZBURGER SPARKASSE BANK AG
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 100 million
    EUR 200 million
    Location
    Sector(s)
    Description
    Objectives

    Through the intermediary, the operation will support limited-profit housing development companies, commercial property companies and local authorities.

    The aim is to support the construction of new social and affordable housing units in the region of Salzburg, Austria. It will include a 25% climate action and environmental sustainability (CAES) component.

    Additionality and Impact

    The Project comprises the construction of some 1000 new social and affordable housing units, contributing to the promotion of Integrated Urban Development across Salzburg Federal State. 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 cities in the region. It will contribute to a more balanced local residential market along with a larger housing supply in cities across Salzburg Federal State, 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.

    Environmental aspects
    Procurement

    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

    Milestone
    Under appraisal
    Approved
    Signed
    10 July 2024
    16 July 2024
    Link to source

    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).

    Documents

    Environmental and Social Data Sheet (ESDS) - AFFORDABLE HOUSING SALZBURGER SPARKASSE
    Publication Date
    13 Jul 2024
    Document language
    Main Topic
    Lending
    Document Number
    213833447
    Document Focus
    Environmental Information
    Project Number
    20230663
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now

    News & Stories

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