| Project Detail |
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 |
