POLAND SOCIAL AND AFFORDABLE HOUSING PROGRAMME (EIB-20160743)

Countries
  • Poland
Where the impacts of the investment may be experienced.
Financial Institutions
  • European Investment Bank (EIB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
May 16, 2017
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Sectors
  • Infrastructure
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 104.28 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported EUR 94 million
Converted using 2017-05-16 exchange rate.
Loan Amount (USD)
$ 104.28 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported 94 million
Converted using 2017-05-16 exchange rate.
Project Cost (USD)
$ 338.35 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Currency conversion note:
Bank reported EUR 305 million
Converted using 2017-05-16 exchange rate.
Primary Source

Original disclosure @ EIB website

Updated in EWS Feb 16, 2018

Disclosed by Bank Feb 13, 2017


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Project Description

According to EIB website, the prohect will finance social and affordable housing projects in different municipalities in Poland. The project will be financed within the scope of an investment platform to be set up by the European Investment Bank and Bank Gospodarstwa Krajowego. It will be financing of investments in social and affordable housing by municipal authorities and registered social and affordable housing providers throughout Poland.

Social and affordable housing in Poland is defined by a combination of national legislation and local regulation according to income thresholds and this regulatory framework sets out a range of other eligibility criteria such as the criteria for prioritising applicants and the application and control processes entailed. The sub-projects under the programme loan will be projects not included in the Polish national subsidised programme and will be restricted to the following:

a. construction or retrofitting of social housing units for rent as defined by Polish law and local regulation;

b. construction or retrofitting of affordable housing units for rent as defined by Polish law and local regulation;

c. construction of regulated affordable housing for rent-to-buy or equity-sharing subject to certain conditions;

d. any associated infrastructure such as roads, drainage, utilities and recreational amenities specifically designed to meet the needs of the housing units of the sub-project.

The sub-projects under the programme loan will be co-financed by the European Investment Bank and by Bank Gospodarstwa Krajowego on a percentage to be agreed on a case-by-case basis. In addition, subject to conditionalities mentioned in the bank documents, the project is acceptable to the Bank in environmental and social terms.

Investment Description
  • European Investment Bank (EIB)
Contact Information

No contact information provided at the time of disclosure. 

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