Erste Bank

Erste Bank

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EHC: Comments

EHC: when?
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Budget

Approximately EUR 600 million invested in social development since 2016.

EHC fit

Erste Bank, linked to the website https://www.sparkasse.at/erstebank-en/private-clients, has various programs and initiatives that could support the development of the European Housing Cooperative (EHC). The bank has a strong focus on affordable housing and social finance, which aligns well with the EHC's mission. One of the key programs that could support the EHC is the partnership between Erste Bank and the European Investment Bank (EIB). This partnership has provided significant funding for affordable housing projects in Austria, such as the construction of 2,200 affordable housing units in Vienna. The EIB has also provided loans to Austrian savings banks, including Salzburger Sparkasse and Tiroler Sparkasse, to finance the construction of affordable and green housing in Salzburg and Innsbruck. Erste Bank's social finance instrument, "Quasi-equity," could also be used to support the EHC. This instrument provides financing to social organisations, including those focused on affordable housing, and can be used to co-finance smaller social real estate projects. Additionally, Erste Bank's experience in providing fixed-interest loans for affordable housing projects could be beneficial for the EHC. Overall, Erste Bank's programs and initiatives in affordable housing and social finance make it a potential partner for the EHC. The bank's experience in working with the EIB and its focus on social finance could provide valuable support for the development of the EHC.

Last edited
Oct 16, 2024 8:48 PM