EIB finances Barcelona City Council with €113 million to deliver 640 social and sustainable rental housing units
Spain, Oct. 30 -- The European Investment Bank (EIB) and the Barcelona City Council, through the Municipal Institute for Housing and Renovation of Barcelona (IMHAB), have signed a €113 million lending facility today to finance the construction of nine public social housing developments in the city, totaling approximately 640 new units. The IMHAB is a local public entity fully owned by Barcelona City Council and is responsible for the construction, management and promotion of public and sustainable housing in the city.The project is expected to benefit 2,040 vulnerable people, approximately 70% of whom will be women. The new housing units will be built to high energy efficiency standards and will include specific design and technical f...
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