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The funds will go for upgrades, which in turn will impact public health positively and create jobs
“Mayor of the Year” is an important bridge between municipalities and the citizens and a chance to showcase and share regional governments' best practices
The funds will go for upgrades, which in turn will impact public health positively and create jobs
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The host is once again the Polish city of Lublin
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berlin
A loan of 240 million euros will be used for the construction of new residential buildings
The European Investment Bank (EIB) is stepping in to help local authorities in Berlin deal with the severe lack of affordable housing in the city. The EU bank is going to provide a loan of a total of 240 million euros to the state-owned housing company Gewobag for the construction of new residential buildings.
The housing crisis in the German capital made international headlines when the local government announced the introduction of a rent freeze earlier last year. The growing anger of locals at the ever-increasing prices of rent and the severe lack of state-owned affordable housing prompted authorities to take drastic actions. The city moved to renationalize apartments it had previously sold off and ended decades of privatization.
Meanwhile, efforts to create new housing opportunities were also underway. As we had previously reported, at least 20,000 new apartments need to be built each year in Berlin in order to satisfy the needs of citizens – in 2018, however, only 16,706 were constructed.
That is why the loan provided by the EIB to Gewobag will prove instrumental and vital to the German capital’s efforts to answer the needs of citizens.
“The low-interest loan from the EIB enables us to make further investments in Berlin’s housing construction in order to increase the state’s own residential portfolio. This also means that our tenants’ rental burdens are kept as low as possible. We are pleased to have a strong partner on our side with the EIB” stated Markus Terboven, member of the board of Gewobag.
Currently Gewobag boasts around 70,000 apartments that house over 120,000 tenants. The cash infusion will lead to the creation of some 15,000 new apartments in the mid-term.
These new additions to the Berlin housing market will not only answer the city’s apartment needs - they will also meet the highest energy efficiency standards and will contribute to achieving the EIB’s and Gewobag’s climate change objectives.
The host is once again the Polish city of Lublin
The funds will go for upgrades, which in turn will impact public health positively and create jobs
“Mayor of the Year” is an important bridge between municipalities and the citizens and a chance to showcase and share regional governments' best practices
The winners are in four distinct categories, which explore the idea of heritage from different angles
It will test out the world’s first charging cabinet for electric bicycle batteries, enclosed garages, and real-time monitoring systems
Acquisition of a sorting line and waste digitalization fit into the city’s strategy for a circular economy
This is part of a focused effort to support intermodality in the city
Cigarette butts take 15 years to decompose and can contaminate up to 500 litres of water with their heavy chemicals
The funds will go for upgrades, which in turn will impact public health positively and create jobs
The winners are in four distinct categories, which explore the idea of heritage from different angles
The EUR 5 million, local authorities-targeted scheme aims to transform urban centres through public art, light installations and performance spaces
The Olympic Champions in Rhythmic Gymnastics attended the opening of the #BeActive initiative
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