{"id":4235,"date":"2022-04-05T09:02:40","date_gmt":"2022-04-05T07:02:40","guid":{"rendered":"https:\/\/affordablehousingactivation.org\/?post_type=tribe_events&#038;p=4235"},"modified":"2022-04-28T13:35:38","modified_gmt":"2022-04-28T11:35:38","slug":"4235","status":"publish","type":"exemplary_case","link":"https:\/\/affordablehousingactivation.org\/es\/casos-de-exito\/4235\/","title":{"rendered":"Loans to co-finance affordable housing \u2013 Council of Europe Development Bank\u00a0Paris, Council of Europe Development Bank\u00a0"},"content":{"rendered":"<p><b><span data-contrast=\"auto\">Description<\/span><\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559685&quot;:-851,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">\u00a0The Bank has since expanded to include 42 countries which are its shareholders and are eligible to borrow from it.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559685&quot;:-851,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">The mission of CEB has also expanded to encompass supporting the implementation of socially oriented investment projects which promote:<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559685&quot;:-851,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<ul>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"3\" aria-setsize=\"-1\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"auto\">Inclusive growth: working to guarantee access to economic opportunities, ensuring a prosperous future for all<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"3\" aria-setsize=\"-1\" data-aria-posinset=\"2\" data-aria-level=\"1\"><span data-contrast=\"auto\">Support for vulnerable groups: helping to integrate the most vulnerable citizens and nurture a more diverse society<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"3\" aria-setsize=\"-1\" data-aria-posinset=\"3\" data-aria-level=\"1\"><span data-contrast=\"auto\">Environmental sustainability: supporting a liveable society that promotes environmental sustainability and mitigates or adapts to climate change.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<\/ul>\n<p><b><span data-contrast=\"auto\">Actors involved<\/span><\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559685&quot;:-851,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<ul>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"1\" aria-setsize=\"-1\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"auto\">Council of Europe Development Bank<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<\/ul>\n<p><b><span data-contrast=\"auto\">Scale<\/span><\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559685&quot;:-851,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">EU<\/span><\/p>\n<p><b><span data-contrast=\"auto\">More information<\/span><\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559685&quot;:-851,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">CEB is not funded by its member States, rather its funding is raised by borrowing on international capital markets.\u00a0 The bank\u2019s credit rating is strong and stable at \u201cAA+\u201d, reflecting access to less expensive financing on capital markets.[1]\u00a0 It lends to member States, co-financing eligible social projects.\u00a0 Housing is an important part of the bond issuance programme of CEB. The proceeds of its Social Inclusion Bond, issued since April 2017, are used to finance social housing, education and vocational training, as well as job creation and preservation, in micro, small and medium-sized enterprises. To date, 33 per cent of all proceeds, or EUR 495 million, have been allocated to housing projects. This has led to more than 10,600 housing units being built or renovated out of Social Inclusion Bond proceeds alone.[2]<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559685&quot;:-851,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">CEB co-finances affordable housing and regularly partners with national and international organizations who contribute any remaining finance required.\u00a0 For instance, it is a partner in an alliance between public investment banks and social housing providers in France (Alliance europ\u00e9enne pour un logement sociale durable et inclusif), which was formed in 2020 to simplify access to funds, coordinate strategic investment and expand the volume of investments in social housing.\u00a0 This new partnership involves the French Banque des Territoires, CEB, the European Investment Bank, and not-for-profit housing providers. They combine their expertise to access European funding and make long-term investments in public social infrastructure. Additional loans will accelerate social housing construction in economically challenged areas, providing more investment to house people in precarious situations, often including support and health services[3].<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559685&quot;:-851,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Another example of recent CEB-supported activities comes from the Republic of Moldova.[4] CEB financing is being used to improve and increase the housing stock, with beneficiaries including young families; individuals or families in which at least one of its members works in a budgetary institution or works in the field of public services; families with at least three minor children; or persons with severe disabilities. Phase 1 (2008-2011) of the project comprised of the construction of 240 apartment units in four buildings. Phase II (2013-2021), which has an approved budget of EUR 13.4 million, is nearly completed. The total cost of the project is EUR 20.4 million, of which the CEB participation is 65 per cent of the total cost. CEB provides a loan for up to 20 years, including a grace period of 5 years. The contribution of the Republic of Moldova, realized through local authorities, is 35 per cent and consists of in-kind and financial contribution. The project will complete the construction of 667 social housing facilities in total.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559685&quot;:-851,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">[1] Fitch Ratings, \u201cFitch Revises Council of Europe Development Bank\u2019s Outlook to Stable; Affirms at \u2018AA+\u2019\u201d, 29 July 2020.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559685&quot;:-851,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">[2] Rolf Wenzel, \u201cWhat role for international financial institutions in the housing sector?\u201d, Housing Europe, 30 November 2020. Available at https:\/\/www.housingeurope.eu\/blog-1479\/what-role-for-international-financial-institutions-in-the-housing-sector.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559685&quot;:-851,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">[3] L\u2019Union sociale pour l\u2019habitat, \u201cUne alliance europ\u00e9enne pour un logement social durable et inclusive\u201d (A European alliance for sustainable and inclusive social housing), 3 February 2021. Available at <a href=\"https:\/\/union-habitat-bruxelles.eu\/une-alliance-europeenne-pour-un-logement-social-durable-et-inclusif\" target=\"_blank\" rel=\"noopener\">https:\/\/union-habitat-bruxelles.eu\/une-alliance-europeenne-pour-un-logement-social-durable-et-inclusif<\/a>.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559685&quot;:-851,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">[4] Information available at <a href=\"https:\/\/coebank.org\/en\/donors-and-trust-funds\/beneficiaries-donor-funds\/provision-social-housing-vulnerable-and-low-income-population-phase-2\/\" target=\"_blank\" rel=\"noopener\">https:\/\/coebank.org\/en\/donors-and-trust-funds\/beneficiaries-donor-funds\/provision-social-housing-vulnerable-and-low-income-population-phase-2\/<\/a> and<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559685&quot;:-851,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">\u201cPractice of the Republic of Moldova on the implementation of programs for the construction of affordable housing\u201d was presented at the UNECE Subregional Workshop on Housing: Policies for housing affordability in Russia and CIS. Available at<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559685&quot;:-851,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0 <\/span><a href=\"https:\/\/unece.org\/hlm\/documents\/2021\/03\/agendas\/draft-programme-cis-subregional-workshop-housing.\" target=\"_blank\" rel=\"noopener\"><span data-contrast=\"auto\">https:\/\/unece.org\/hlm\/documents\/2021\/03\/agendas\/draft-programme-cis-subregional-workshop-housing<\/span><\/a><\/p>\n<p><a href=\"https:\/\/coebank.org\/en\/project-financing\/sectors\/social-housing\/\" target=\"_blank\" rel=\"noopener\"><span data-contrast=\"auto\">https:\/\/coebank.org\/en\/project-financing\/sectors\/social-housing\/<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559685&quot;:-851,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/a><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p><img loading=\"lazy\" class=\"alignnone size-medium wp-image-6770\" src=\"https:\/\/affordablehousingactivation.org\/web\/app\/uploads\/2022\/04\/intro_housing2030-300x197.png\" alt=\"\" width=\"300\" height=\"197\" srcset=\"https:\/\/affordablehousingactivation.org\/\/web\/app\/uploads\/2022\/04\/intro_housing2030-300x197.png 300w, https:\/\/affordablehousingactivation.org\/\/web\/app\/uploads\/2022\/04\/intro_housing2030-600x394.png 600w, https:\/\/affordablehousingactivation.org\/\/web\/app\/uploads\/2022\/04\/intro_housing2030.png 727w\" sizes=\"(max-width: 300px) 100vw, 300px\" title=\"\"><\/p>\n<p><a href=\"https:\/\/www.housing2030.org\" target=\"_blank\" rel=\"noopener\">https:\/\/www.housing2030.org<\/a><\/p>\n<p>&nbsp;<\/p>\n<p><strong>An initiative of:<\/strong><\/p>\n<p>&nbsp;<\/p>\n<p><img loading=\"lazy\" class=\"alignnone size-medium wp-image-6035\" src=\"https:\/\/affordablehousingactivation.org\/web\/app\/uploads\/2022\/04\/Housing-Europe-Logo-002-237x300.jpg\" alt=\"\" width=\"237\" height=\"300\" srcset=\"https:\/\/affordablehousingactivation.org\/\/web\/app\/uploads\/2022\/04\/Housing-Europe-Logo-002-237x300.jpg 237w, https:\/\/affordablehousingactivation.org\/\/web\/app\/uploads\/2022\/04\/Housing-Europe-Logo-002-473x600.jpg 473w, https:\/\/affordablehousingactivation.org\/\/web\/app\/uploads\/2022\/04\/Housing-Europe-Logo-002-600x760.jpg 600w, https:\/\/affordablehousingactivation.org\/\/web\/app\/uploads\/2022\/04\/Housing-Europe-Logo-002.jpg 677w\" sizes=\"(max-width: 237px) 100vw, 237px\" title=\"\"><\/p>\n<p>&nbsp;<\/p>\n<p><img loading=\"lazy\" class=\"alignnone size-medium wp-image-6656\" src=\"https:\/\/affordablehousingactivation.org\/web\/app\/uploads\/2022\/04\/UNHABITAT.svg_-300x58.png\" alt=\"\" width=\"300\" height=\"58\" srcset=\"https:\/\/affordablehousingactivation.org\/\/web\/app\/uploads\/2022\/04\/UNHABITAT.svg_-300x58.png 300w, https:\/\/affordablehousingactivation.org\/\/web\/app\/uploads\/2022\/04\/UNHABITAT.svg_.png 558w\" sizes=\"(max-width: 300px) 100vw, 300px\" title=\"\"><\/p>\n<p>&nbsp;<\/p>\n<p><img loading=\"lazy\" class=\"alignnone size-medium wp-image-6658\" src=\"https:\/\/affordablehousingactivation.org\/web\/app\/uploads\/2022\/04\/UNECE-logo-blue-english-002-300x92.jpg\" alt=\"\" width=\"300\" height=\"92\" srcset=\"https:\/\/affordablehousingactivation.org\/\/web\/app\/uploads\/2022\/04\/UNECE-logo-blue-english-002-300x92.jpg 300w, https:\/\/affordablehousingactivation.org\/\/web\/app\/uploads\/2022\/04\/UNECE-logo-blue-english-002-768x236.jpg 768w, https:\/\/affordablehousingactivation.org\/\/web\/app\/uploads\/2022\/04\/UNECE-logo-blue-english-002-600x184.jpg 600w, https:\/\/affordablehousingactivation.org\/\/web\/app\/uploads\/2022\/04\/UNECE-logo-blue-english-002.jpg 851w\" sizes=\"(max-width: 300px) 100vw, 300px\" title=\"\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Council of Europe Development Bank is a multilateral development bank with an exclusively social mandate.\u00a0 It was founded in 1956 by eight member States of the Council of Europe to provide support for refugees and displaced persons in Europe.\u00a0<\/p>\n","protected":false},"featured_media":4239,"parent":0,"template":"","meta":{"_price":"","_stock":"","_tribe_ticket_header":"","_tribe_default_ticket_provider":"Tribe__Tickets_Plus__Commerce__WooCommerce__Main","_tribe_ticket_capacity":"0","_ticket_start_date":"","_ticket_end_date":"","_tribe_ticket_show_description":"","_tribe_ticket_show_not_going":false,"_tribe_ticket_use_global_stock":"","_tribe_ticket_global_stock_level":"","_global_stock_mode":"","_global_stock_cap":"","_tribe_rsvp_for_event":"","_tribe_ticket_going_count":"","_tribe_ticket_not_going_count":"","_tribe_tickets_list":[],"_tribe_ticket_has_attendee_info_fields":false},"barrera":[113,116,119],"acf":[],"_links":{"self":[{"href":"https:\/\/affordablehousingactivation.org\/es\/wp-json\/wp\/v2\/exemplary_case\/4235"}],"collection":[{"href":"https:\/\/affordablehousingactivation.org\/es\/wp-json\/wp\/v2\/exemplary_case"}],"about":[{"href":"https:\/\/affordablehousingactivation.org\/es\/wp-json\/wp\/v2\/types\/exemplary_case"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/affordablehousingactivation.org\/es\/wp-json\/wp\/v2\/media\/4239"}],"wp:attachment":[{"href":"https:\/\/affordablehousingactivation.org\/es\/wp-json\/wp\/v2\/media?parent=4235"}],"wp:term":[{"taxonomy":"barrera","embeddable":true,"href":"https:\/\/affordablehousingactivation.org\/es\/wp-json\/wp\/v2\/barrera?post=4235"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}