On visit to Germany CEB Governor underlines the importance of inclusive public housing

8 octobre 2021

Governor Wenzel in LeipzigLEIPZIG/PARIS – The Governor of the Council of Europe Development Bank (CEB), Rolf Wenzel, today attended a ceremony to mark the construction of social housing units in the City of Leipzig, Germany, together with the city’s mayor, Burkhard Jung.  

Last month the CEB approved an additional loan of €100 million to Leipziger Wohnungs and Baugesellschaft MBH (LWB), one of the largest municipal housing companies in Germany, to finance the construction of new housing units and the renovation of existing ones for disadvantaged and low-income population.  

Being one of the fastest growing cities in Germany in terms of economic development and demographic trends, Leipzig is currently facing housing scarcity that is compounded by the past underinvestment in social housing.  

AJ211008_CEB_ LEIPZIG_52.JPGIn this context, the latest CEB loan aims to promote a balanced housing policy and ensure social diversification.  

“With Leipzig's population and economy growing, it is important to support the city authorities to meet the increased demand for affordable housing,” Governor Wenzel said. “The CEB is therefore pleased to expand the excellent cooperation with LWB and it stands ready to support the municipal authorities in other sectors, such as health and education.”  

The new loan complements the €100 million one issued to LWB in 2019. The direct beneficiaries will be low-income households, including young families, single parents, elderly persons, students, migrants and refugees.  

AJ211008_CEB_ LEIPZIG_10.JPG"Build, build and build again: That is, after all, the most effective means of slowing the rise in rents,” noted Mayor of Leipzig Burkhard Jung. “That applies here and elsewhere. It is particularly important for Leipzig that our municipal housing company is one of the major investors and leads the way, especially in subsidized housing construction." 

The overall project should be completed by 31 December 2024 when a total of 3 411 residential units for 8 915 final beneficiaries, including 708 places at day-care facilities, is planned to be available.  

Fondée en 1956, la CEB (Banque de Développement du Conseil de l'Europe) compte 42 États membres, dont 22 pays d'Europe centrale, orientale et du Sud-Est formant les pays cibles de la Banque. En tant qu'instrument majeur de la politique de solidarité en Europe, la Banque finance des projets sociaux en mettant à leur disposition des ressources levées dans des conditions reflétant la qualité de sa notation (Aa1 auprès de Moody's, perspective stable, AAA auprès de Standard & Poor's, perspective stable, AA+ auprès de Fitch Ratings, perspective positive et AAA* auprès de Scope Ratings, perspective stable). Elle accorde des prêts à ses États membres, à des établissements financiers et à des autorités locales pour le financement de projets dans le secteur social, conformément à son Statut.

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