CDC HABITAT LOGEMENTS INTERMEDIAIRES (EIB-20230981)

Countries
  • France
Geographic location where the impacts of the investment may be experienced.
Specific Location
Ile-de-France, Auvergne Rhône Alpes, Provence Alpes Côte d’Azur, Grand Est, Grand Ouest, Sud Ouest
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
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
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
U
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Apr 2, 2025
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
CDC HABITAT
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Construction
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, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 545.01 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Currency conversion note:
Bank reported 500
Converted using 2025-04-02 exchange rate.
Project Cost (USD)
$ 1,144.52 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Currency conversion note:
Bank reported 1050
Converted using 2025-04-02 exchange rate.
Bank Documents
Primary Source

Original disclosure @ EIB website

Updated in EWS Jul 18, 2025

Disclosed by Bank Nov 18, 2024

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to the Bank’s website, the project will finance the promoter's construction programme for approximately 3,470 affordable and energy-efficient housing units (resource-tested rental housing) to be located in urban areas with high rental tension.

This is part of a broader plan to support the construction sector announced in spring 2023 by the CDC Habitat group.

The aim is to increase the supply of affordable housing for medium income households in France. The investments will also contribute to urban regeneration and renewal. Part of the investment programme will contribute to new highly energy efficient affordable rental housing.

The Project is a Framework loan consisting in the construction of 3,470 rental affordable housing units in France (Ile-de-France and different regions such as Auvergne Rhône Alpes, Provence Alpes Côte d’Azur, Grand Est, Grand Ouest, Sud Ouest), particularly located in areas where there is a marked imbalance between housing supply and demand.

Early Warning System Project Analysis
For a project with severe or irreversible impacts to local community and natural resources, the Early Warning System Team may conduct a thorough analysis regarding its potential impacts to human and environmental rights.

According to the Environmental and Social Data Sheet, the Project is not expected to have impacts on Natura 2000 areas since the sub-projects are going to be located in already built-up areas.

The project will not entail any involuntary resettlement. Land will be provided through urban
development process and, to date, no complaints regarding land acquisitions have been raised.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

A Framework loan.

Private Actors Description
A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

CDC Habitat produces and manages social residences, hostels and residences for young workers, social and very social housing, intermediate housing as well as vacant housing. It is the leading landlord in France: with nearly 340,000 housing units managed, including 86,000 intermediate housing units and 71,000 accommodation places provided by its subsidiary Adoma.

The company is the general interest real estate subsidiary of Caisse des Dépôts.

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - CDC Habitat Client -

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

No contacts available at the time of disclosure.

ACCESS TO INFORMATION

You can submit an information request for project information at: https://www.eib.org/en/infocentre/registers/request-form/request-form-default.htm

ACCOUNTABILITY MECHANISM OF EIB

The EIB Complaints Mechanism is designed to facilitate and handle complaints against the EIB by individuals, organizations or corporations affected by EIB activities. When exercising the right to lodge a complaint against the EIB, any member of the public has access to a two-tier procedure, one internal - the Complaints Mechanism Office - and one external - the European Ombudsman. A complaint can be lodged via a written communication addressed to the Secretary General of the EIB, via email to the dedicated email address: complaints@eib.org, by completing the online complaint form available at the following address: http://www.eib.org/complaints/form via fax or delivered directly to the EIB Complaints Mechanism Division, any EIB local representation office or any EIB staff. For further details, check: http://www.eib.org/attachments/strategies/complaints_mechanism_policy_en.pdf

When dissatisfied with a complaint to the EIB Complaints Mechanism, citizens can then turn towards the European Ombudsman. A memorandum of Understanding has been signed between the EIB and the European Ombudsman establishes that citizens (even outside of the EU if the Ombudsman finds their complaint justified) can turn towards the Ombudsman on issues related to 'maladministration' by the EIB. Note that before going to the Ombudsman, an attempt must be made to resolve the case by contacting the EIB. In addition, the complaint must be made within two years of the date when the facts on which your complaint is based became known to you. You can write to the Ombudsman in any of the languages of the European Union. Additional details, including filing requirements and complaint forms, are available at: http://www.ombudsman.europa.eu/atyourservice/interactiveguide.faces

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How it works