EUROPEAN INVESTMENT BANK RISC Consortium and the UNU-CRIS Summer School/ Students Research Symposium, 3 rd July 2012, Luxembourg Promoting social housing policies in the EU – the experience of the EIB Mariana Ruiz Alvarado Urban Economist PJ/ERD/REGU 1 European Investment Bank
Contributing to EU Policy – EIB on social housing Art. 31 of the Revised European Social Charter: the right to housing . All signatory governments are required to take measures designed to: promote access to housing of an adequate standard; prevent and reduce homelessness; and make the price of housing accessible The principles of the “Leipzig Charter on Sustainable European Cities” (as agreed by the EU Member States Ministers in charge of urban development in 2007); Goals of the Europe 2020 and the Territorial Agenda: SMART: employment (labour intensive activities, SMEs), SUSTAINABLE: EE and CC target (both adaptation & mitigation), INCLUSIVE: employment + targeting social and/or economically disadvantaged households; PJ/ERD/REGU 2 European Investment Bank
Contributing to EU Policy – EIB on social housing In the Final Communiqué of the 18th Informal Meeting of Housing Ministers of the European Union (Toledo, 21st June 2010), the Ministers have asked and encouraged the European Investment Bank (EIB) to: “Promote the (EIB) renovation,reconstruction/upgrading and energy efficiency of the housing stock in Member States of the EU, and to inculcate more considered maintenance strategies (EIB), by suggesting new formulas and financial instruments, including financial engineering (EIB), to improve the opportunities to channel funding to the main agents in the field”. Other EU social and regional policies Inclusion of Roma population, Reconstruction following extreme natural phenomena and disaster risk reduction, development cooperation programmes. PJ/ERD/REGU 3 European Investment Bank
Contributing to European Regional Cooperation Following the Technical Regional Operational Guidelines, cooperation outside the EU aims to: Promote sustainable economic and social development Fight against CC Foster the private sector, especially SMEs MDG no. 7, target 11: by 2020, to have achieved a significant improvement in the lives of at least 100 million slum dwellers; ACP countries under Art. 25.f of the Cotonou Agreement: improving the availability of affordable and adequate shelter […] supporting low cost and low income housing programs; In RSA, focus on private sector support and expansion of infrastructure and social services, including housing. PJ/ERD/REGU 4 European Investment Bank
EIB projects Privately owned dwellings only to increase energy efficiency and use of renewable energy; Social/affordable housing for rent and residential units for vulnerable groups, fulfilling the following criteria: Considered urban renewal strategy for the area in question and/or a housing plan; A well-defined regulatory framework/legislation (defining beneficiaries, monthly rents and prices, etc…); Long-term tenure; Long term operation & maintenance contracts; Regular comprehensive and effective inspection and control mechanisms in place. PJ/ERD/REGU 5 European Investment Bank
Value Added EIB ensures that: Selection criteria and process are: Transparent & understandable Non discriminatory Reflecting clear needs Dwellings compliance with the principles of adequacy of Human Rights ( Special Rapporteur on Right to Adequate Housing ) mainly: Habitability, Legal security of tenure, Accessibility, Availability of services, materials, Location, facilities and infrastructure, Affordability, Cultural adequacy; A considered financial analysis for the whole life cycle has been done PJ/ERD/REGU 6 European Investment Bank
Housing and the role of the EIB: the activity 2007-2011 The EIB has signed loans for social housing projects for a total value of EUR 2850 m, of which 95% refer to EU-27 and 5% in South Africa. 700 610 600 500 Amount Signed 391 400 EUR m 305 300 250 246 245 200 196 200 152 150 105 100 0 2007 2008 2009 2010 2011 Framewk loan Investm. Loan Multi BI Loan PJ/ERD/REGU 7 European Investment Bank
Case: Vivienda Catalunya II (EUR 125 m) SPAIN Intermediated loan to social housing developers for the construction of some 3 250 social housing units for rent throughout Catalonia Limited to municipalities with a local housing plan For each housing development, a positive report from the Regional Government on the adequacy to demand has been granted Beneficiary households are selected from social housing waiting lists in line with social and financial requirements set by the former Spanish Ministry of Housing Housing developers are: “social developers” as defined by regional housing law experienced or accompanied by an experience operator PJ/ERD/REGU 8 European Investment Bank
THANK YOU Mariana Ruiz Alvarado Urban Economist Projects Directorate Environment and Regional Development Department Regional and Urban Development Division m.ruizalvarado@eib.org PJ/ERD/REGU 9 European Investment Bank
Recommend
More recommend
