| Project Detail |
The project will enable French social housing entities (SHEs) to build about 80,000 new units and upgrade about 32,000 existing social housing units. The EIB will support the refurbishment and the improvement of the energy efficiency of the social housings acquired.
Objectives
The Project will: i) enable to increase the provision of social housing, by leveraging new social housing construction through the sale of existing social units to be sold by SHEs to the Opérateur Nationale de Vente (ONV), a new entity founded and fully owned by Action Logement Services. The sale will concern in particular high demand areas for which there are long waiting lists due to lack of provision by the private sector, compensating also the decrease of public financing support to the housing sector due to fiscal constraints; ii) support social housing refurbishment needs and energy efficiency improvement; iii) promote mixed tenure, with an appropriate mix between social tenants and private owners, socially and environmentally sustainable neighbourhoods in areas where the public sector managed process of sale of housing takes place, including in deprived areas. |
