City of Leipzig - Expansion of Social Housing Portfolio
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Approval date
20 March 2020
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Borrower
Leipziger Wohnungs- und Baugesellschaft mbH (LWB)
- Country
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Loan size
€ 42 000 000
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Line of action
Inclusive growth
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Status
In progress
This additional request for an amount of € 42 million for an increase of LD 2010 (2019) to a total amount of € 100 million to part-finance eligible investments for the construction of 424 new rental units and the construction of day nurseries (crèches) providing some additional 310 spaces.
Final beneficiaries will be low-income households, including young families, single-parent families, persons with disabilities, the elderly, homeless persons, migrants and refugees, who will benefit from modern and affordable accommodation and childcare facilities.