In parallel with the presentation of the European Plan for Affordable Housing of the European Commission, the European Investment Bank is doubling its funding for affordable and sustainable housing, reaching €6 billion. until 2026.
This move, it is reported, is an important step to strengthen the cooperation between the EBRD and the Commission, with the aim of supporting investment in innovative, renovated and new residential buildings across the Union.
Furthermore, ETP will strengthen its investments in innovation, renovation and new construction, with the aim of addressing housing as a basic social need, while underlining its intention to work closely with the European Commission to implement the affordable housing plan, turning its ambitions into real investments.
With the new Housing TechEU initiative and a budget of €400 million, the program will fund new construction technologies and scalable housing solutions, boosting innovation in the sector.
According to what it announced, ETEp structures its plan around three main axes, innovation, supporting new technologies, industrialized construction methods and digital solutions for faster, greener and more economical housing construction.
In addition, it supports renovation, with mass upgrading and energy renovation of the existing housing stock in Europe, but also new construction, with financing for the construction of new, affordable and sustainable housing, in cooperation with national and local partners.
EIB Group President Nadia Calvinio said: "We are increasing our investment in housing to €6 billion in 2026, boosting innovation, renovation and new builds across the EU."
The Vice-President of the EIB, responsible for the housing portfolio, Yannis Tsakiris, emphasized that: "The Commission's plan for affordable housing is a milestone for Europe. Working closely together, the EIB is fully mobilized to support Member States with finance, innovation and technical expertise to accelerate the delivery of affordable and sustainable housing.”
In addition, as they say, the EBRD and the Commission are working with national banks to create a platform that will connect investors with housing projects. The EIB is also developing funding tools, combining EU funds with public and private resources, and will work with the Commission to improve student housing conditions across Europe.
