AFFORDABLE HOUSING AUSTRIA HYPO NOE (PL)

Reference: 20200002
Release date: 18 December 2020

Promoter – Financial Intermediary

LAND NIEDEROESTERREICH

Location

Austria

Description

Operation to finance social and affordable housing units in the Austrian state of Lower Austria. Final beneficiaries of the EIB financing will be limited-profit housing development companies, commercial property companies and local authorities.

Objectives

Operation to finance social and affordable housing units in the Austrian state of Lower Austria.

Sector(s)

Urban development - Construction

Proposed EIB finance (Approximate amount)

EUR 150 million

Total cost (Approximate amount)

EUR 375 million

Environmental aspects

Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

Procurement

Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

Status

Signed - 6/08/2021

General enquiries and comments

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Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

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Complaints mechanism

Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

Zero tolerance against fraud and corruption

The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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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).

Related tags

Austria Urban development