Sign in Subscribe
European Union

European Investment Bank and Barcelona City Council Sign 113 Million Financing Facility for Public Social Housing Developments

Strategic Insights

— 2 min read

The European Investment Bank (EIB) and the Barcelona City Council have signed a 113 million lending facility to finance the construction of nine public social housing developments in the city, totaling approximately 640 new units. This project aims to benefit 2,040 vulnerable people, with 70% being women. The new housing units will be built to high energy efficiency standards and will include features to address women's needs related to accessibility and safety. The developments are scheduled for completion between 2026 and 2030.

Key Takeaways:

  • The EIB and Barcelona City Council have signed a 113 million lending facility to finance the construction of nine public social housing developments, totaling approximately 640 new units.
  • The project aims to benefit 2,040 vulnerable people, with 70% being women.
  • The new housing units will be built to high energy efficiency standards and will include features to address women's needs related to accessibility and safety.
  • The developments are scheduled for completion between 2026 and 2030.
  • This project builds on a long-standing collaboration between the EIB and the IMHAB.
  • Including the operation signed today, the EIB has financed approximately 2,308 social housing units for rent through IMHAB.
  • The EIB Group has launched an Action Plan for Affordable and Sustainable Housing, aiming to increase financing across Europe to more than 4 billion in 2025.
  • The EIB Group has also launched the Housing TechEU initiative, which will provide 400 million in funding to support mid-cap and large companies in the EU housing market.
  • The "More homes. Better homes" online portal has been created to connect housing stakeholders with the advice, funding, and financing they need.

Statistics:

  • 640 new housing units will be constructed.
  • 2,040 people will benefit from the project, with 70% being women.
  • The developments are scheduled for completion between 2026 and 2030.
  • The EIB has financed approximately 2,308 social housing units for rent through IMHAB.
  • The EIB Group has launched an Action Plan for Affordable and Sustainable Housing, aiming to increase financing across Europe to more than 4 billion in 2025.
  • The Housing TechEU initiative will provide 400 million in funding to support mid-cap and large companies in the EU housing market.

Sources:

  • European Investment Bank (EIB) and Barcelona City Council sign 113 million lending facility for public social housing developments.
  • European Investment Bank Group, Building Change: Boosting Innovation for Affordable and Sustainable Housing in Europe conference.
  • Nadia Calviño, President of the EIB Group.
  • Jaume Collboni, Barcelona Mayor.
  • Ioannis Tsakiris, Vice President of the EIB.
  • Jordi Valls, Deputy Mayor for Economy, Housing, Finance, and Tourism at Barcelona City Council.
  • European Investment Bank Group's Strategic Roadmap for 2024-2027.
  • Climate Bank Roadmap Phase 2 for 2026-2030.
  • EIB Group's Action Plan for Affordable and Sustainable Housing.
  • More homes. Better homes online portal.

Read more