Release date: 2 May 2024
Promoter – Financial Intermediary
BANQUE ET CAISSE D'EPARGNE DE L'ETAT LUXEMBOURGLocation
Description
The project will support the construction of affordable housing in Luxembourg.
Objectives
The aim is to improve the provision of adequate affordable housing in Luxembourg. The current market failure is due to the lack of adequate housing at affordable prices as the available housing supply on the market does not cater for the demand of low or modest income people. The financing, intermediated by and provided in partnership with BCEE, will tackle this market gap by offering a long maturity at attractive financing costs, thus indirectly supporting affordable rent levels in the market.
Sector(s)
- Urban development - Construction
Proposed EIB finance (Approximate amount)
EUR 100 million
Total cost (Approximate amount)
EUR 200 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
Under appraisal - 12/03/2024
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).