The social development bank in Europe

City of Leipzig - Expansion of Social Housing Portfolio

  • Approval date

    5 July 2019

  • Borrower

    Leipziger Wohnungs- und Baugesellschaft mbH (LWB)

  • Country

    Germany

  • Loan size

    € 58 000 000

  • Line of action

    Sustainable and inclusive growth

  • Status

    In progress

This EUR 58 million Programme loan will part-finance the increase in the offer of both affordable and social housing in the city of Leipzig, through the construction, renovation and modernisation of rental housing for low-income persons and the construction of day nurseries. Final beneficiaries will be low-income persons, young children, elderly and disabled persons, students and single-parent families, as well as migrants and refugees.