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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

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