||The project consists of the energy efficiency renovation of part of the French Ministry of Armed Forces housing stock as well as the construction of new social and affordable dwellings under a 35-year concession framework.
The aim of the investments of CEGELOG / "Plan Ambition Logement" to be financed by the Bank is to increase the supply of social and affordable housing for low- and medium-income households in France, particularly in areas where there is market tension, i.e., where demand exceeds supply and raise rents to levels unachievable for low- and middle-income families. Construction should take place by densification on existing land, thus contributing effectively to the fight against urban sprawl. The project further supports national and European targets for energy efficiency, and contributes to CO2 emission reduction, thus supporting climate change objectives of the EU and the Banks priority lending objective concerning energy efficiency. More specifically, it supports the objectives of the European Performance of Buildings Directive (EPBD).