EIB provides €80m for affordable housing in Regensburg

The European Investment Bank (EIB) has approved an €80 mln loan for Stadtbau-GmbH Regensburg's multi-year housing investment program. 

Regensburg social housing - EIB

This financing will support the construction of new housing units and energy efficiency renovations of existing urban rental properties in Regensburg.
The program aims to increase the availability of social and affordable housing, particularly for low- and middle-income renters, and to comprehensively upgrade the city's housing stock. This initiative seeks to alleviate pressure on the local housing market, improve the quality of life, and promote social diversity in neighbourhoods.
Stadtbau-GmbH Regensburg, as the municipal housing company, will implement the program. 
The investment program adheres to high climate and environmental standards, featuring energy-efficient new constructions and renovations compliant with the EU's Energy Performance of Buildings Directive and other relevant environmental regulations. 
Götz Kessler, managing director of Stadtbau‑GmbH Regensburg, said: “This €80 mln from the EIB is a crucial lever for implementing our overall investment programme for Regensburg, which totals €175 mln. It will enable us to build new social and affordable housing, and to modernise our existing stock to meet the needs of tomorrow. For our tenants, this means more options, better energy efficiency, and rent that is fair and stable for the long term.” 
EIB VP Nicola Beer added: “We are helping a municipal housing company create more flats and renovate existing ones to make them energy efficient, for a lasting reduction of cost burden for tenants. Like many growing cities, Regensburg faces the challenge of keeping housing affordable while also meeting climate targets. In Stadtbau‑GmbH, we have a partner that credibly combines social responsibility, architectural quality and environmental protection – and that is exactly what EIB financing is meant for.”