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Central and Eastern European experiences on financing social housing programs

Central and Eastern European experiences on financing social housing programs. Marie-Odile Zanders Project Coordinator CEE. ‘Market’ for DIGH finance. EXISTING FINANCING CAPACITY. SEE/CEE NEEDS ON HOUSING MARKET. affordable housing new/reconstruction rental/owner occupied. mortgages

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Central and Eastern European experiences on financing social housing programs

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  1. Central and Eastern European experiences on financing social housing programs Marie-Odile Zanders Project Coordinator CEE

  2. ‘Market’ for DIGH finance EXISTING FINANCING CAPACITY SEE/CEE NEEDS ON HOUSING MARKET • affordable housing • new/reconstruction • rental/owner occupied mortgages Some countries: subsidy on Interest level top middle incomes Some countries: Limited State budget financing

  3. THREE CORNERSTONES AFFORDABILITY FINANCIAL ARRANGEMENTS CONSTRUCTION COSTS (per m2)

  4. THREE CORNERSTONES AFFORDABILITY HOUSING POLICY FINANCIAL ARRANGEMENTS CONSTRUCTION COSTS (per m2)

  5. What does DIGH do? • supports urban regeneration, affordable housing and energy efficiency activities benefiting middle and lower income families outside the Netherlands • ‘gets the wheel turning’ for affordable housing sector • finances or guarantees land, development cost, infrastructure, construction, mortgages, energy efficiency • current loan portfolio of 55 million Euro (backed by AAA guarantees from Dutch social housing inst.)

  6. DIGH in CEE region: 2004 - now • Portfolio worth EUR 13,5 M covering 18 projects • Focus on: New built housing (social rental / for sale) Renovation(energy-efficiency / basic upgrade) • Loans provided in: Armenia, Bulgaria, Croatia, Hungary, Latvia, Macedonia, Montenegro, Romania and Ukraine

  7. DIGH borrowers for energy efficiency projects • Individual / groups of condominiums • Energy Servicing Companies (ESCO’s) • through micro-finance institutions (MFI’s) • in partnership with local banks (with back-up from IFI’s: IFC / KFW / USAID-DCA)

  8. Residential EE renovation: experiences in Ukraine through ESCO-model

  9. Residential EE renovation: experiences in Latvia through ESCO-model

  10. Basic residential EE renovation: through NGO-MFI model

  11. Key issues for sustainable project implementation • Status institutional framework: legal, financial, etc. • Who develops a pipeline of projects and how are they financed? • Who gains the benefits of the renovation?

  12. THANK YOU & Feel free to contact us! General DIGH issues  + 31 35 626 8383 or info@digh.nl For Central & Eastern Europe  marie-odile.zanders@digh.nl

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