DIGH PO Box 611 1200 AP Hilversum The Netherlands +31 (0)35-6268383 www.digh.nl Central and Eastern European experiences on financing social housing programs.

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Presentation transcript:

DIGH PO Box AP Hilversum The Netherlands +31 (0) Central and Eastern European experiences on financing social housing programs Marie-Odile Zanders Project Coordinator CEE

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

THREE CORNERSTONES CONSTRUCTION COSTS (per m2) FINANCIAL ARRANGEMENTS AFFORDABILITY

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

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.)

DIGH in CEE region: 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

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)

Residential EE renovation: experiences in Ukraine through ESCO-model

Residential EE renovation: experiences in Latvia through ESCO-model

Basic residential EE renovation: through NGO-MFI model

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?

THANK YOU & Feel free to contact us! General DIGH issues  or For Central & Eastern Europe 