EIB backs Prague's first affordable-housing project for public service employees
Czechia, May 26 -- The European Investment Bank (EIB) is teaming up with Czech bank ?eska spo?itelna to increase the number of affordable homes in the capital Prague, marking a first-of-its-kind housing initiative in the country. The EIB will finance part of the project, which aims to build more than 700 apartments in Prague for public-sector workers.The EIB is providing ?eska spo?itelna with a loan of up to €60 million - almost a third of the total project cost of €187.5 million. The EIB credit and the remaining sum, which will come from a ?eska spo?itelna subsidiary called DB?S, to fund the housing construction. Over 700 new apartments are set to be built across four locations in Prague, with delivery to public service employe...
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