Portugal Gets €1.5 Billion EIB Loan to Ease Its Housing Crunch
7 Articles
7 Articles
The amount of EUR 1.5 billion is intended to rehabilitate or build around 50,000 social housing units. The first tranche, worth EUR 500 million, was signed this Monday.
These are dwellings identified by the municipalities in the local housing strategies that could not be covered by the RPP. Loans provide for lower interest rates and longer periods of need
The Government and the European Investment Bank (EIB) have approved a new funding line of EUR 1.5 billion to rehabilitate or build, in the first phase, around 50,000 social housing throughout the country, identified by municipalities in the Local Housing Strategies.
The government today announced a new credit line of EUR 1.5 billion to support the construction and renovation of about 50,000 social housing houses that have remained outside the PRR.
Housing to be financed is identified by the municipalities in the Housing Local Strategies.
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