IDB Invest is considering an investment of up to US$10 million in the Paladin Realty Latin America VI (Zero Carbon Affordable Housing) Fund (the "Fund"). The Fund will invest in the development of sustainable affordable housing, focusing on the development of dwellings that comply with the Excellence in Design for Greater Efficiencies ("EDGE") standards, a green building certification system focused on making buildings more resource-efficient, providing savings to homeowners of at least 20% on energy, water, and embodied energy in materials vis-a-vis traditionally constructed homes.
The Fund will be managed by Paladin Realty Partners, an established investment manager with more than 20 years of experience in the development of housing in the region.
The Project aims at increasing the availability of capital for the development of sustainable housing, undertaken by mid-sized developers, and targeting middle-income populations of Mexico, Colombia, Brazil, and Peru.
ADDRESS: 1350 New York Ave NW, Washington, DC 20005
ACCESS TO INFORMATION
You can submit a request for information disclosure at: https://www.iadb.org/en/access-information/information-request
ACCOUNTABILITY MECHANISM OF IDB / IDB INVEST
The Independent Consultation and Investigation Mechanism (MICI) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an Inter-American Development Bank (IDB) or Inter-American Investment Corporation (IDB Invest)-funded project. If you submit a complaint to MICI, they may assist you in addressing the problems you raised through a dispute-resolution process with those implementing the project and/or through an investigation to assess whether the IDB or IDB Invest is following its own policies for preventing or mitigating harm to people or the environment. You can submit a complaint by sending an email to MICI@iadb.org. You can learn more about the MICI and how to file a complaint at http://www.iadb.org/en/mici/mici,1752.html (in English) or http://www.iadb.org/es/mici/mici,1752.html (Spanish).